Frontier Capital Management Co. LLC cut its stake in Eagle Materials Inc (NYSE:EXP) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,200,532 shares of the construction company’s stock after selling 60,227 shares during the quarter. Eagle Materials comprises approximately 1.0% of Frontier Capital Management Co. LLC’s holdings, making the stock its 18th largest holding. Frontier Capital Management Co. LLC owned approximately 2.47% of Eagle Materials worth $136,020,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC lifted its position in Eagle Materials by 9.1% in the second quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock worth $407,307,000 after buying an additional 367,661 shares during the last quarter. BlackRock Inc. lifted its position in Eagle Materials by 3.8% in the second quarter. BlackRock Inc. now owns 4,101,930 shares of the construction company’s stock worth $379,100,000 after buying an additional 150,577 shares during the last quarter. Vanguard Group Inc. lifted its position in Eagle Materials by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,784,382 shares of the construction company’s stock worth $349,753,000 after buying an additional 41,784 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Eagle Materials by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 2,822,368 shares of the construction company’s stock worth $303,320,000 after buying an additional 464,534 shares during the last quarter. Finally, State Street Corp lifted its position in Eagle Materials by 3.0% in the second quarter. State Street Corp now owns 1,347,008 shares of the construction company’s stock worth $124,488,000 after buying an additional 39,708 shares during the last quarter. Institutional investors own 91.56% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Stifel Nicolaus raised their price target on Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Standpoint Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $122.50.
Eagle Materials Inc (NYSE EXP) traded down $0.97 during trading hours on Thursday, hitting $116.86. The stock had a trading volume of 531,700 shares, compared to its average volume of 482,991. Eagle Materials Inc has a fifty-two week low of $86.51 and a fifty-two week high of $122.49. The company has a market capitalization of $5,680.00, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02.
Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The business had revenue of $376.30 million for the quarter, compared to the consensus estimate of $412.84 million. During the same quarter last year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. analysts forecast that Eagle Materials Inc will post 4.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. Eagle Materials’s dividend payout ratio (DPR) is 9.20%.
In other news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $111.64, for a total transaction of $558,200.00. Following the transaction, the chief financial officer now owns 56,778 shares in the company, valued at $6,338,695.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Haack sold 6,731 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $115.00, for a total value of $774,065.00. Following the transaction, the chief operating officer now owns 28,136 shares in the company, valued at approximately $3,235,640. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,165 shares of company stock valued at $9,438,175. Corporate insiders own 4.10% of the company’s stock.
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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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