Schwab Charles Investment Management Inc. grew its position in shares of Eagle Materials Inc (NYSE:EXP) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,061 shares of the construction company’s stock after buying an additional 14,197 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.51% of Eagle Materials worth $26,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EXP. Bank of Montreal Can lifted its holdings in Eagle Materials by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after purchasing an additional 17 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Eagle Materials by 1.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 2,456 shares of the construction company’s stock worth $227,000 after purchasing an additional 25 shares during the last quarter. IFP Advisors Inc lifted its holdings in Eagle Materials by 8.3% in the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after purchasing an additional 91 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Eagle Materials by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,930 shares of the construction company’s stock worth $363,000 after purchasing an additional 127 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Eagle Materials by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

In other news, COO Michael Haack sold 6,731 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $115.00, for a total transaction of $774,065.00. Following the completion of the transaction, the chief operating officer now directly owns 28,136 shares in the company, valued at $3,235,640. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gerald J. Essl sold 8,161 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $105.00, for a total value of $856,905.00. Following the transaction, the insider now owns 42,541 shares of the company’s stock, valued at $4,466,805. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,165 shares of company stock valued at $9,438,175. Corporate insiders own 4.10% of the company’s stock.

Several equities research analysts recently weighed in on the company. Standpoint Research lowered 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. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Stifel Nicolaus boosted their target price on Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Eagle Materials has an average rating of “Hold” and a consensus price target of $122.50.

Shares of Eagle Materials Inc (NYSE:EXP) opened at $112.53 on Thursday. Eagle Materials Inc has a 1-year low of $86.51 and a 1-year high of $116.72. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5,458.17, a P/E ratio of 24.78, a P/E/G ratio of 2.80 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last posted its earnings results 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 during the quarter, compared to analyst estimates of $412.84 million. During the same quarter last year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. analysts predict that Eagle Materials Inc will post 5.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.

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Eagle Materials 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.

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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