Whittier Trust Co. raised its position in shares of Eagle Materials Inc (NYSE:EXP) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,195 shares of the construction company’s stock after buying an additional 595 shares during the period. Whittier Trust Co.’s holdings in Eagle Materials were worth $2,144,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of 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. increased 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 in the last quarter. Coldstream Capital Management Inc. increased 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 in the last quarter. M&T Bank Corp increased 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 in the last quarter. Finally, Greenwood Capital Associates LLC increased its stake in shares of Eagle Materials by 1.2% in the first quarter. Greenwood Capital Associates LLC now owns 2,431 shares of the construction company’s stock worth $236,000 after buying an additional 29 shares in the last quarter. Institutional investors own 93.07% of the company’s stock.
Shares of Eagle Materials Inc (EXP) traded up 0.77% during trading on Wednesday, hitting $90.87. 304,398 shares of the stock traded hands. The company has a 50-day moving average of $92.19 and a 200-day moving average of $97.11. Eagle Materials Inc has a 52 week low of $73.27 and a 52 week high of $110.64. The firm has a market cap of $4.41 billion, a P/E ratio of 21.13 and a beta of 1.23.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $366.10 million during the quarter, compared to the consensus estimate of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. On average, analysts forecast that Eagle Materials Inc will post $5.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors 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 dividend on an annualized basis and a yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is 9.30%.
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EXP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research report on Wednesday, May 24th. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 30th. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their price target for the company from $115.00 to $110.00 in a research report on Monday, July 31st. 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 investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $104.67.
In related news, CEO David B. Powers sold 11,317 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $93.57, for a total transaction of $1,058,931.69. Following the sale, the chief executive officer now owns 106,580 shares of the company’s stock, valued at approximately $9,972,690.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerald J. Essl sold 2,000 shares of the 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 sale, the insider now directly owns 39,859 shares in the company, valued at approximately $3,722,830.60. The disclosure for this sale can be found here. Insiders have sold a total of 23,317 shares of company stock worth $2,255,732 in the last three months. 4.10% of the stock is currently owned by 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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