Massmutual Trust Co. FSB ADV Has $529,000 Holdings in Eagle Materials, Inc. (EXP)

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Massmutual Trust Co. FSB ADV lifted its stake in Eagle Materials, Inc. (NYSE:EXP) by 37.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,042 shares of the construction company’s stock after buying an additional 1,362 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Eagle Materials were worth $529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in shares of Eagle Materials by 2.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 20,196 shares of the construction company’s stock worth $2,081,000 after acquiring an additional 488 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Eagle Materials by 6.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,876 shares of the construction company’s stock valued at $811,000 after purchasing an additional 509 shares during the period. Advisory Services Network LLC lifted its stake in shares of Eagle Materials by 4.5% in the second quarter. Advisory Services Network LLC now owns 12,881 shares of the construction company’s stock valued at $1,362,000 after purchasing an additional 560 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Eagle Materials by 31.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,580 shares of the construction company’s stock valued at $271,000 after purchasing an additional 622 shares during the period. Finally, Brinker Capital Inc. lifted its stake in shares of Eagle Materials by 4.5% in the first quarter. Brinker Capital Inc. now owns 14,391 shares of the construction company’s stock valued at $1,483,000 after purchasing an additional 624 shares during the period. 93.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE EXP traded down $0.21 during trading on Friday, reaching $79.49. 542,090 shares of the stock were exchanged, compared to its average volume of 516,794. Eagle Materials, Inc. has a twelve month low of $79.22 and a twelve month high of $122.49. The company has a current ratio of 2.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.45. The stock has a market cap of $4.07 billion, a P/E ratio of 18.84, a PEG ratio of 0.91 and a beta of 1.05.

Eagle Materials (NYSE:EXP) last posted its earnings results on Monday, July 30th. The construction company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). The firm had revenue of $393.80 million for the quarter, compared to analyst estimates of $402.34 million. Eagle Materials had a return on equity of 18.77% and a net margin of 18.96%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. On average, research analysts expect that Eagle Materials, Inc. will post 6.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.40 annualized dividend and a yield of 0.50%. Eagle Materials’s dividend payout ratio is presently 9.48%.

Several equities analysts have weighed in on EXP shares. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and set a $125.00 price target on shares of Eagle Materials in a report on Thursday, October 4th. Macquarie began coverage on shares of Eagle Materials in a report on Wednesday, September 26th. They issued a “buy” rating and a $105.00 target price for the company. ValuEngine downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Finally, Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $122.57.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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

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