State of Alaska Department of Revenue Takes $385,000 Position in Eagle Materials, Inc. (EXP)

State of Alaska Department of Revenue purchased a new stake in shares of Eagle Materials, Inc. (NYSE:EXP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,400 shares of the construction company’s stock, valued at approximately $385,000.

Several other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in shares of Eagle Materials by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 14,525 shares of the construction company’s stock valued at $1,342,000 after acquiring an additional 254 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Eagle Materials by 11.4% during the second quarter. Suntrust Banks Inc. now owns 2,718 shares of the construction company’s stock valued at $249,000 after acquiring an additional 278 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Eagle Materials by 1.0% during the second quarter. Alliancebernstein L.P. now owns 32,626 shares of the construction company’s stock valued at $3,015,000 after acquiring an additional 315 shares during the last quarter. Fox Run Management L.L.C. raised its stake in shares of Eagle Materials by 8.2% during the third quarter. Fox Run Management L.L.C. now owns 6,600 shares of the construction company’s stock valued at $704,000 after acquiring an additional 500 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Eagle Materials by 7.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,948 shares of the construction company’s stock valued at $734,000 after acquiring an additional 520 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total transaction of $558,200.00. Following the completion of the transaction, the chief financial officer now owns 56,778 shares of the company’s stock, valued at $6,338,695.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gerald J. Essl sold 10,000 shares of Eagle Materials stock in a transaction on Monday, December 4th. The stock was sold at an average price of $113.77, for a total transaction of $1,137,700.00. Following the transaction, the insider now directly owns 24,380 shares of the company’s stock, valued at approximately $2,773,712.60. The disclosure for this sale can be found here. Insiders have sold 61,623 shares of company stock valued at $6,930,994 in the last three months. 4.10% of the stock is owned by insiders.

Several equities analysts have recently issued reports on EXP shares. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 30th. Stifel Nicolaus raised their price target on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Citigroup raised their price target on shares of Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $135.00.

Eagle Materials, Inc. (NYSE EXP) opened at $109.33 on Monday. Eagle Materials, Inc. has a 52 week low of $86.51 and a 52 week high of $122.49. The firm has a market cap of $5,320.96, a price-to-earnings ratio of 20.75, a P/E/G ratio of 2.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 2.44.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The business had revenue of $359.40 million during the quarter, compared to the consensus estimate of $364.52 million. During the same quarter last year, the firm earned $1.17 earnings per share. Eagle Materials’s quarterly revenue was up 18.8% on a year-over-year basis. analysts expect that Eagle Materials, Inc. will post 5.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s dividend payout ratio is presently 7.59%.

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Eagle Materials Company Profile

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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