Eagle Materials Inc (EXP) Shares Bought by Capital Fund Management S.A.
Capital Fund Management S.A. boosted its position in Eagle Materials Inc (NYSE:EXP) by 282.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,023 shares of the company’s stock after buying an additional 65,006 shares during the period. Capital Fund Management S.A. owned about 0.18% of Eagle Materials worth $6,804,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Eagle Materials by 746.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,675 shares of the company’s stock worth $129,000 after buying an additional 1,477 shares in the last quarter. Independent Portfolio Consultants Inc. purchased a new stake in Eagle Materials during the third quarter worth approximately $204,000. PNC Financial Services Group Inc. increased its stake in Eagle Materials by 181.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,739 shares of the company’s stock worth $212,000 after buying an additional 1,765 shares in the last quarter. Advisor Group Inc. purchased a new stake in Eagle Materials during the second quarter worth approximately $216,000. Finally, 1st Global Advisors Inc. purchased a new stake in Eagle Materials during the third quarter worth approximately $224,000. Institutional investors own 91.99% of the company’s stock.
Shares of Eagle Materials Inc (NYSE:EXP) traded up 1.776% on Friday, reaching $100.575. The company had a trading volume of 79,114 shares. The stock has a market capitalization of $4.85 billion, a P/E ratio of 25.875 and a beta of 1.40. Eagle Materials Inc has a 1-year low of $45.03 and a 1-year high of $103.16. The company’s 50 day moving average price is $99.24 and its 200-day moving average price is $85.55.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Monday, October 24th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The firm had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $344.65 million. Eagle Materials had a net margin of 16.43% and a return on equity of 17.96%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. Equities analysts predict that Eagle Materials Inc will post $4.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, December 23rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Wednesday, December 21st. Eagle Materials’s payout ratio is 10.26%.
EXP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research report on Tuesday, December 27th. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research report on Tuesday, October 4th. CL King upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 4th. Stephens downgraded Eagle Materials from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 17th. Finally, Citigroup Inc. downgraded Eagle Materials from a “buy” rating to a “neutral” rating in a research report on Monday, December 5th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $88.33.
In other Eagle Materials news, EVP James H. Graass sold 18,198 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $79.93, for a total value of $1,454,566.14. Following the completion of the transaction, the executive vice president now owns 68,817 shares in the company, valued at $5,500,542.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William R. Devlin sold 11,850 shares of the business’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $101.71, for a total transaction of $1,205,263.50. Following the completion of the transaction, the senior vice president now owns 33,755 shares of the company’s stock, valued at approximately $3,433,221.05. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.
About Eagle Materials
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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