MML Investors Services LLC Acquires Shares of 1,898 Eagle Materials (EXP)

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.

How to Become a New Pot Stock Millionaire

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.

Shares of EXP stock opened at $99.32 on Friday. Eagle Materials has a 1 year low of $86.51 and a 1 year high of $122.49. The stock has a market cap of $4,667.34, a P/E ratio of 18.85, a P/E/G ratio of 2.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 2.44.

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%.

COPYRIGHT VIOLATION WARNING: This piece was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3296400/mml-investors-services-llc-acquires-shares-of-1898-eagle-materials-exp.html.

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.

Want to see what other hedge funds are holding EXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Materials (NYSE:EXP).

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

Receive News & Ratings for Eagle Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$262.66 Million in Sales Expected for Voya Financial  This Quarter
$262.66 Million in Sales Expected for Voya Financial This Quarter
Zacks: Analysts Expect ICF  Will Post Quarterly Sales of $304.14 Million
Zacks: Analysts Expect ICF Will Post Quarterly Sales of $304.14 Million
American Ecology Co.  Expected to Post Quarterly Sales of $114.50 Million
American Ecology Co. Expected to Post Quarterly Sales of $114.50 Million
First Busey  Issues Quarterly  Earnings Results
First Busey Issues Quarterly Earnings Results
Investment Analysts’ Recent Ratings Updates for Barclays
Investment Analysts’ Recent Ratings Updates for Barclays
SpreadCoin  Price Reaches $0.63
SpreadCoin Price Reaches $0.63


© 2006-2018 Ticker Report. Google+.