Hermes Investment Management Ltd. increased its stake in Eagle Materials, Inc. (NYSE:EXP) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 599,791 shares of the construction company’s stock after buying an additional 11,556 shares during the period. Hermes Investment Management Ltd. owned approximately 1.24% of Eagle Materials worth $58,264,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock valued at $133,000 after buying an additional 113 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Eagle Materials by 180.0% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the construction company’s stock valued at $108,000 after buying an additional 900 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Eagle Materials by 1.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,699 shares of the construction company’s stock valued at $132,000 after buying an additional 24 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Eagle Materials during the fourth quarter valued at $218,000. Finally, Marshall Wace LLP bought a new stake in shares of Eagle Materials during the fourth quarter valued at $219,000. 91.85% of the stock is owned by institutional investors.
Shares of Eagle Materials, Inc. (NYSE:EXP) traded down 1.04% on Friday, reaching $95.20. The company had a trading volume of 656,899 shares. Eagle Materials, Inc. has a 52-week low of $71.11 and a 52-week high of $110.64. The company has a 50-day moving average price of $97.71 and a 200-day moving average price of $95.76. The firm has a market capitalization of $4.61 billion, a PE ratio of 23.03 and a beta of 1.36.
Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, January 24th. The construction company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. Eagle Materials had a net margin of 16.98% and a return on equity of 18.45%. The company earned $302.40 million during the quarter, compared to analysts’ expectations of $304.87 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. Eagle Materials’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Eagle Materials, Inc. will post $4.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Thursday, April 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Tuesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is currently 9.64%.
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Separately, Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Tuesday, December 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $105.50.
In other news, Director F William Barnett sold 19,454 shares of Eagle Materials stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $107.19, for a total value of $2,085,274.26. Following the completion of the transaction, the director now owns 29,859 shares in the company, valued at $3,200,586.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerald J. Essl sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $105.00, for a total transaction of $525,000.00. Following the completion of the transaction, the insider now owns 37,529 shares of the company’s stock, valued at approximately $3,940,545. The disclosure for this sale can be found here. Insiders sold 46,454 shares of company stock valued at $4,953,054 in the last quarter. 5.50% of the stock is currently owned by corporate insiders.
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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