Capital Analysts LLC Acquires Shares of 9,494 Eagle Materials Inc (EXP)
Capital Analysts LLC acquired a new stake in Eagle Materials Inc (NYSE:EXP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,494 shares of the construction company’s stock, valued at approximately $1,013,000.
Several other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position in shares of Eagle Materials by 9.1% in the second quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock worth $407,307,000 after buying an additional 367,661 shares in the last quarter. BlackRock Inc. lifted its position in shares of Eagle Materials by 3.8% in the second quarter. BlackRock Inc. now owns 4,101,930 shares of the construction company’s stock worth $379,100,000 after buying an additional 150,577 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Eagle Materials by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,784,382 shares of the construction company’s stock worth $349,753,000 after buying an additional 41,784 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Eagle Materials by 11.7% in the second quarter. JPMorgan Chase & Co. now owns 2,357,834 shares of the construction company’s stock worth $217,913,000 after buying an additional 247,169 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Eagle Materials by 4.8% in the second quarter. Wells Fargo & Company MN now owns 1,376,500 shares of the construction company’s stock worth $127,216,000 after buying an additional 63,035 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
Shares of Eagle Materials Inc (NYSE:EXP) traded down $0.43 during midday trading on Monday, reaching $103.59. The company’s stock had a trading volume of 488,200 shares, compared to its average volume of 578,724. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. Eagle Materials Inc has a 52 week low of $86.51 and a 52 week high of $110.98. The company has a market capitalization of $5,040.00, a PE ratio of 22.87, a P/E/G ratio of 2.56 and a beta of 1.28.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The company had revenue of $376.30 million for the quarter, compared to the consensus estimate of $412.84 million. During the same period in the previous year, the firm earned $1.25 earnings per share. The company’s revenue was up 13.1% compared to the same quarter last year. equities analysts predict that Eagle Materials Inc will post 5.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 0.39%. Eagle Materials’s payout ratio is currently 9.20%.
In other Eagle Materials news, EVP James H. Graass sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $97.04, for a total transaction of $970,400.00. Following the sale, the executive vice president now directly owns 59,365 shares of the company’s stock, valued at $5,760,779.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total value of $507,000.00. Following the sale, the chief financial officer now directly owns 61,778 shares in the company, valued at $6,264,289.20. The disclosure for this sale can be found here. Insiders have sold 79,999 shares of company stock worth $8,060,190 over the last three months. 4.10% of the stock is currently owned by insiders.
A number of equities research analysts recently commented on EXP shares. Zacks Investment Research downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. BidaskClub upgraded Eagle Materials from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Eagle Materials currently has a consensus rating of “Hold” and an average price target of $110.00.
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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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