Nomura Holdings Inc. Buys 2,235 Shares of Eagle Materials Inc (EXP)
Nomura Holdings Inc. grew its holdings in Eagle Materials Inc (NYSE:EXP) by 24.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,357 shares of the construction company’s stock after acquiring an additional 2,235 shares during the quarter. Nomura Holdings Inc.’s holdings in Eagle Materials were worth $1,050,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in EXP. UBS Asset Management Americas Inc. increased its holdings in shares of Eagle Materials by 5.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 69,613 shares of the construction company’s stock valued at $6,762,000 after acquiring an additional 3,596 shares during the last quarter. Oxford Asset Management purchased a new position in shares of Eagle Materials in the 1st quarter valued at about $265,000. M&T Bank Corp increased its holdings in shares of Eagle Materials by 14.8% in the 1st quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock valued at $228,000 after acquiring an additional 302 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Eagle Materials by 13.6% in the 1st quarter. Stifel Financial Corp now owns 7,398 shares of the construction company’s stock valued at $712,000 after acquiring an additional 886 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Eagle Materials by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 198,308 shares of the construction company’s stock valued at $19,264,000 after acquiring an additional 5,483 shares during the last quarter. Institutional investors and hedge funds own 91.02% of the company’s stock.
In related news, insider Gerald J. Essl sold 2,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $93.40, for a total value of $186,800.00. Following the transaction, the insider now owns 39,859 shares in the company, valued at $3,722,830.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert S. Stewart sold 6,534 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $101.27, for a total value of $661,698.18. Following the completion of the transaction, the executive vice president now owns 66,037 shares in the company, valued at approximately $6,687,566.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,774 shares of company stock worth $6,798,741. Insiders own 4.10% of the company’s stock.
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A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $115.00 to $110.00 in a report on Monday, July 31st. Finally, BidaskClub downgraded Eagle Materials from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $110.00.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The business had revenue of $366.10 million for the quarter, compared to analysts’ expectations of $369.68 million. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, October 5th. Eagle Materials’s dividend payout ratio (DPR) is 9.30%.
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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