NGAM Advisors L.P. Purchases 365 Shares of Eagle Materials Inc (NYSE:EXP)
NGAM Advisors L.P. boosted its position in shares of Eagle Materials Inc (NYSE:EXP) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,162 shares of the construction company’s stock after buying an additional 365 shares during the period. NGAM Advisors L.P.’s holdings in Eagle Materials were worth $2,418,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in shares of Eagle Materials during the fourth quarter valued at $681,000. Macquarie Group Ltd. bought a new position in shares of Eagle Materials during the fourth quarter valued at $2,956,000. GW&K Investment Management LLC raised its position in shares of Eagle Materials by 46.2% in the first quarter. GW&K Investment Management LLC now owns 131,921 shares of the construction company’s stock valued at $12,815,000 after buying an additional 41,676 shares during the last quarter. Bank of Montreal Can raised its position in shares of Eagle Materials by 103.1% in the first quarter. Bank of Montreal Can now owns 6,287 shares of the construction company’s stock valued at $610,000 after buying an additional 3,192 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Eagle Materials by 5.3% in the first quarter. Capstone Asset Management Co. now owns 6,553 shares of the construction company’s stock valued at $637,000 after buying an additional 330 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.
Eagle Materials Inc (NYSE EXP) opened at 88.58 on Friday. Eagle Materials Inc has a one year low of $73.27 and a one year high of $110.64. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 20.60 and a beta of 1.23. The stock’s 50 day moving average is $92.34 and its 200 day moving average is $97.53.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results 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 business 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 revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. On average, equities analysts forecast that Eagle Materials Inc will post $5.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. Eagle Materials’s dividend payout ratio is 9.30%.
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Several brokerages have recently weighed in on EXP. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $115.00 to $110.00 in a report on Monday, July 31st. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $104.67.
In other 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 directly owns 39,859 shares in the company, valued at approximately $3,722,830.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David B. Powers sold 11,317 shares of Eagle Materials stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $93.57, for a total value of $1,058,931.69. Following the sale, the chief executive officer now owns 106,580 shares of the company’s stock, valued at $9,972,690.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,317 shares of company stock valued at $2,255,732. 4.10% of the stock is owned by corporate insiders.
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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