MML Investors Services LLC acquired a new position in shares of Eagle Materials (NYSE:EXP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,898 shares of the construction company’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds have also modified their holdings of EXP. Cigna Investments Inc. New purchased a new position in shares of Eagle Materials during the 4th quarter worth approximately $205,000. Landscape Capital Management L.L.C. acquired a new stake in Eagle Materials during the fourth quarter worth approximately $232,000. Ingalls & Snyder LLC acquired a new stake in Eagle Materials during the fourth quarter worth approximately $234,000. Investment Centers of America Inc. acquired a new stake in Eagle Materials during the third quarter worth approximately $302,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Eagle Materials by 45.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,709 shares of the construction company’s stock worth $307,000 after acquiring an additional 841 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the stock. Longbow Research upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Friday. Raymond James Financial assumed coverage on shares of Eagle Materials in a research report on Tuesday, March 13th. They set a “market perform” rating on the stock. Citigroup assumed coverage on shares of Eagle Materials in a research report on Tuesday, March 13th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $130.00 target price on shares of Eagle Materials in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $135.00.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 net margin of 18.53% and a return on equity of 18.66%. Eagle Materials’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter last year, the business earned $1.17 EPS. analysts forecast that Eagle Materials will post 5.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.59%.
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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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