Scout Investments Inc. acquired a new position in Eagle Materials, Inc. (NYSE:EXP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 99,110 shares of the construction company’s stock, valued at approximately $8,355,000. Scout Investments Inc. owned about 0.22% of Eagle Materials at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of Eagle Materials by 49.0% during the 4th quarter. Amalgamated Bank now owns 10,704 shares of the construction company’s stock worth $653,000 after purchasing an additional 3,519 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Eagle Materials by 23.0% during the 3rd quarter. Teachers Advisors LLC now owns 72,951 shares of the construction company’s stock worth $6,218,000 after purchasing an additional 13,643 shares during the last quarter. Broad Bay Capital Management LP acquired a new position in shares of Eagle Materials during the 4th quarter worth approximately $18,816,000. Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Materials by 12.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 466,996 shares of the construction company’s stock worth $39,806,000 after purchasing an additional 52,527 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Eagle Materials by 20.7% during the 4th quarter. California Public Employees Retirement System now owns 118,195 shares of the construction company’s stock valued at $7,213,000 after buying an additional 20,307 shares during the period. Institutional investors own 95.64% of the company’s stock.
In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 2,591 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $71.35, for a total value of $184,867.85. Following the sale, the director now owns 12,977 shares of the company’s stock, valued at $925,908.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.
Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.06). The firm had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $357.08 million. Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.08 EPS. Analysts predict that Eagle Materials, Inc. will post 5.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, April 11th. Eagle Materials’s payout ratio is 9.48%.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Raymond James raised shares of Eagle Materials from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research report on Friday, April 5th. DA Davidson lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and set a $83.50 price target on the stock. in a research report on Tuesday, April 2nd. Longbow Research lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. Finally, Northcoast Research lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating in a research report on Friday, January 25th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.14.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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