Geode Capital Management LLC Has $150.75 Million Holdings in Eagle Materials Inc $EXP

Geode Capital Management LLC trimmed its holdings in Eagle Materials Inc (NYSE:EXP) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 745,787 shares of the construction company’s stock after selling 19,456 shares during the period. Geode Capital Management LLC owned 2.30% of Eagle Materials worth $150,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Hantz Financial Services Inc. increased its stake in Eagle Materials by 7,750.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after acquiring an additional 155 shares during the period. SVB Wealth LLC bought a new position in shares of Eagle Materials in the first quarter worth $41,000. Caitong International Asset Management Co. Ltd raised its stake in Eagle Materials by 62.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Assetmark Inc. lifted its position in Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock worth $87,000 after purchasing an additional 326 shares during the period. Finally, Signaturefd LLC grew its stake in Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock worth $103,000 after buying an additional 131 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Up 1.1%

NYSE EXP opened at $201.17 on Wednesday. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 14.81 and a beta of 1.31. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average is $225.92 and its 200 day moving average is $221.57.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm had revenue of $638.91 million during the quarter, compared to the consensus estimate of $635.55 million. During the same quarter in the prior year, the business posted $4.31 earnings per share. Eagle Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 15th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.38%.

Insiders Place Their Bets

In other Eagle Materials news, Director David E. Rush purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the transaction, the director owned 4,173 shares in the company, valued at $868,317.84. The trade was a 31.52% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXP. Stifel Nicolaus set a $246.00 target price on shares of Eagle Materials in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Thursday, November 13th. DA Davidson reduced their target price on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company decreased their price target on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Citigroup dropped their price objective on Eagle Materials from $255.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $243.30.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.