Westwood Holdings Group Inc. lowered its stake in shares of Eagle Materials (NYSE:EXP) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 683,541 shares of the construction company’s stock after selling 3,395 shares during the quarter. Westwood Holdings Group Inc. owned about 1.40% of Eagle Materials worth $77,445,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Cigna Investments Inc. New acquired a new position in shares of Eagle Materials during the fourth quarter worth approximately $205,000. MML Investors Services LLC acquired a new position in shares of Eagle Materials during the fourth quarter worth approximately $215,000. Sciencast Management LP acquired a new position in shares of Eagle Materials during the fourth quarter worth approximately $224,000. Landscape Capital Management L.L.C. acquired a new position in shares of Eagle Materials during the fourth quarter worth approximately $232,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of Eagle Materials during the fourth quarter worth approximately $234,000. 96.04% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE EXP traded down $2.66 during trading hours on Friday, reaching $99.65. The stock had a trading volume of 494,737 shares, compared to its average volume of 562,888. The company has a current ratio of 2.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $4,979.31, a price-to-earnings ratio of 23.56, a PEG ratio of 1.96 and a beta of 1.19. Eagle Materials has a twelve month low of $86.51 and a twelve month high of $122.49.
Eagle Materials (NYSE:EXP) last issued its 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 business had revenue of $359.40 million during 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%. Eagle Materials’s revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. research analysts anticipate that Eagle Materials will post 5.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Eagle Materials’s payout ratio is 9.46%.
A number of research analysts have recently commented on the company. Longbow Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a report on Friday, March 23rd. Citigroup assumed coverage on Eagle Materials in a report on Tuesday, March 13th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Raymond James Financial assumed coverage on Eagle Materials in a report on Tuesday, March 13th. They set a “market perform” rating for the company. Finally, Stifel Nicolaus cut their price target on Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Eagle Materials has an average rating of “Hold” and a consensus target price of $135.00.
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Eagle Materials Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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