Westwood Holdings Group Inc. cut its position in shares of Eagle Materials, Inc. (NYSE:EXP) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 683,541 shares of the construction company’s stock after selling 3,395 shares during the quarter. Westwood Holdings Group Inc. owned 1.40% of Eagle Materials worth $77,445,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Eagle Materials by 77.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,851,844 shares of the construction company’s stock valued at $209,813,000 after buying an additional 805,668 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 valued at $303,320,000 after buying an additional 464,534 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Eagle Materials in the third quarter valued at $24,275,000. BlackRock Inc. lifted its stake in Eagle Materials by 4.8% in the fourth quarter. BlackRock Inc. now owns 4,247,685 shares of the construction company’s stock valued at $481,262,000 after buying an additional 193,260 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Eagle Materials by 67.9% in the third quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock valued at $30,601,000 after buying an additional 115,968 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
A number of equities research analysts have issued reports on EXP shares. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 30th. Stifel Nicolaus raised their target price on Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Citigroup started coverage on Eagle Materials in a research note on Tuesday. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Finally, Raymond James Financial started coverage on Eagle Materials in a research note on Tuesday. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.00.
Eagle Materials, Inc. (EXP) traded up $1.03 during mid-day trading on Friday, reaching $99.75. The company’s stock had a trading volume of 148,285 shares, compared to its average volume of 529,888. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06. The company has a market capitalization of $4,909.23, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. Eagle Materials, Inc. has a 12 month low of $86.51 and a 12 month high of $122.49.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $359.40 million for the quarter, compared to analyst estimates of $364.52 million. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. analysts predict that Eagle Materials, Inc. will post 5.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is 7.59%.
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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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