Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Eagle Materials, Inc. (NYSE:EXP) by 45.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,709 shares of the construction company’s stock after acquiring an additional 841 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eagle Materials were worth $307,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Skylands Capital LLC lifted its holdings in shares of Eagle Materials by 58.6% during the 3rd quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock worth $9,347,000 after acquiring an additional 32,375 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Eagle Materials by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock worth $40,925,000 after acquiring an additional 9,922 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Eagle Materials by 137.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock worth $426,000 after acquiring an additional 2,303 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Eagle Materials by 9.6% during the 3rd quarter. Prudential Financial Inc. now owns 459,861 shares of the construction company’s stock worth $49,066,000 after acquiring an additional 40,150 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Eagle Materials by 67.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock worth $30,601,000 after acquiring an additional 115,968 shares during the period. 95.37% of the stock is owned by institutional investors.
In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the sale, the chief financial officer now owns 56,778 shares in the company, valued at approximately $6,338,695.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert S. Stewart sold 29,892 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $111.77, for a total transaction of $3,341,028.84. Following the completion of the sale, the executive vice president now owns 34,323 shares of the company’s stock, valued at approximately $3,836,281.71. The disclosure for this sale can be found here. Insiders sold a total of 61,623 shares of company stock valued at $6,930,994 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.
Eagle Materials, Inc. (NYSE:EXP) opened at $102.75 on Monday. Eagle Materials, Inc. has a 1-year low of $86.51 and a 1-year high of $122.49. The stock has a market cap of $5,000.72, a PE ratio of 20.59, a P/E/G ratio of 2.50 and a beta of 1.17. The company has a current ratio of 2.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.40.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The firm had revenue of $359.40 million during the quarter, compared to the consensus estimate of $364.52 million. During the same period last year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. equities analysts predict that Eagle Materials, Inc. will post 5.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s payout ratio is presently 7.59%.
A number of equities analysts have recently commented on EXP shares. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Stifel Nicolaus lifted their price target on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Finally, Citigroup lifted their price target on shares of Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $135.00.
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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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