Eagle Materials Inc (EXP) Shares Sold by HighTower Advisors LLC
HighTower Advisors LLC lowered its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,223 shares of the construction company’s stock after selling 1,454 shares during the period. HighTower Advisors LLC owned about 0.07% of Eagle Materials worth $3,365,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Eagle Materials by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock worth $16,727,000 after buying an additional 14,020 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Eagle Materials by 20.1% during the 2nd quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock worth $1,712,000 after buying an additional 3,103 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Eagle Materials by 10.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock worth $1,067,000 after buying an additional 1,052 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Eagle Materials by 39.7% during the 2nd quarter. Prudential Financial Inc. now owns 419,711 shares of the construction company’s stock worth $38,789,000 after buying an additional 119,184 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Eagle Materials by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock worth $363,557,000 after buying an additional 179,308 shares in the last quarter. 91.02% of the stock is owned by institutional investors.
In other Eagle Materials news, insider Gerald J. Essl sold 2,000 shares of Eagle Materials stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $93.40, for a total transaction of $186,800.00. Following the completion of the sale, the insider now owns 39,859 shares of the company’s stock, valued at $3,722,830.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William R. Devlin sold 16,469 shares of Eagle Materials stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total value of $1,589,423.19. Following the sale, the senior vice president now directly owns 51,973 shares of the company’s stock, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. Insiders have sold 69,774 shares of company stock valued at $6,798,741 in the last three months. 4.10% of the stock is owned by corporate insiders.
Eagle Materials Inc (NYSE EXP) opened at 107.15 on Thursday. The firm has a market cap of $5.20 billion, a PE ratio of 24.91 and a beta of 1.17. The firm has a 50-day moving average price of $99.11 and a 200-day moving average price of $96.07. Eagle Materials Inc has a one year low of $73.83 and a one year high of $110.64.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The company had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. On average, equities analysts expect that Eagle Materials Inc will post $5.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, October 5th. Eagle Materials’s dividend payout ratio is 9.30%.
A number of research firms have recently commented on EXP. Zacks Investment Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub cut Eagle Materials from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. raised Eagle Materials from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $115.00 to $110.00 in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Eagle Materials presently has an average rating of “Hold” and an average price target of $110.00.
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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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