Fox Run Management L.L.C. purchased a new position in Eagle Materials Inc (NYSE:EXP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,100 shares of the construction company’s stock, valued at approximately $564,000.
A number of other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock worth $133,000 after buying an additional 113 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Eagle Materials by 14.8% in the first quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock worth $228,000 after buying an additional 302 shares during the last quarter. Finally, Suntrust Banks Inc. purchased a new stake in shares of Eagle Materials during the first quarter worth approximately $235,000. 92.68% of the stock is owned by institutional investors.
Shares of Eagle Materials Inc (EXP) traded down 1.84% during midday trading on Tuesday, reaching $91.47. 699,322 shares of the company’s stock traded hands. The stock’s 50 day moving average is $92.56 and its 200-day moving average is $97.83. The company has a market capitalization of $4.44 billion, a PE ratio of 21.27 and a beta of 1.23. Eagle Materials Inc has a 52 week low of $73.27 and a 52 week high of $110.64.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The company had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue was up 23.1% compared to the same quarter last year. On average, analysts forecast that Eagle Materials Inc will post $5.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio is currently 9.30%.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Tuesday, June 27th. BidaskClub cut shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and dropped their price target for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Finally, Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $104.67.
In other news, EVP James H. Graass sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $101.00, for a total value of $1,010,000.00. Following the sale, the executive vice president now directly owns 69,653 shares in the company, valued at approximately $7,034,953. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.10% of the company’s stock.
About Eagle Materials
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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