Advisory Research Inc. maintained its stake in Eagle Materials Inc (NYSE:EXP) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 222,302 shares of the construction company’s stock at the close of the second quarter. Advisory Research Inc. owned about 0.46% of Eagle Materials worth $21,594,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of EXP. UBS Asset Management Americas Inc. boosted its position in shares of Eagle Materials by 5.4% during the first quarter. UBS Asset Management Americas Inc. now owns 69,613 shares of the construction company’s stock worth $6,762,000 after acquiring an additional 3,596 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Eagle Materials during the first quarter worth $1,073,000. Oxford Asset Management bought a new position in shares of Eagle Materials during the first quarter worth $265,000. M&T Bank Corp boosted its position in shares of Eagle Materials by 14.8% during the first quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock worth $228,000 after acquiring an additional 302 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Eagle Materials by 13.6% during the first quarter. Stifel Financial Corp now owns 7,398 shares of the construction company’s stock worth $712,000 after acquiring an additional 886 shares during the last quarter. Hedge funds and other institutional investors own 91.02% of the company’s stock.
A number of equities analysts recently weighed in on EXP shares. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating 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 research report on Saturday, August 5th. Finally, Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $110.00.
In related news, EVP Robert S. Stewart sold 6,534 shares of Eagle Materials stock in a transaction on Monday, September 11th. The shares were sold at an average price of $101.27, for a total value of $661,698.18. Following the sale, the executive vice president now owns 66,037 shares of the company’s stock, valued at approximately $6,687,566.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William R. Devlin sold 16,469 shares of Eagle Materials stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $96.51, for a total transaction of $1,589,423.19. Following the completion of the sale, the senior vice president now directly owns 51,973 shares in the company, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. Insiders sold a total of 69,774 shares of company stock worth $6,798,741 in the last three months. 4.10% of the stock is owned by corporate insiders.
Shares of Eagle Materials Inc (NYSE:EXP) traded up 0.41% during trading on Friday, hitting $107.76. 494,623 shares of the company were exchanged. Eagle Materials Inc has a 12 month low of $73.83 and a 12 month high of $110.64. The firm has a market capitalization of $5.23 billion, a PE ratio of 25.05 and a beta of 1.17. The firm’s 50-day moving average price is $100.11 and its 200 day moving average price is $96.21.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The firm had revenue of $366.10 million for the quarter, compared to analysts’ expectations of $369.68 million. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities research analysts expect that Eagle Materials Inc will post $5.42 earnings per share for the current fiscal year.
The business 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. 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 0.37%. Eagle Materials’s dividend payout ratio is currently 9.30%.
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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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