Sei Investments Co. cut its holdings in Eagle Materials Inc (NYSE:EXP) by 35.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,027 shares of the construction company’s stock after selling 6,694 shares during the quarter. Sei Investments Co.’s holdings in Eagle Materials were worth $1,283,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Bank of Montreal Can increased its position in Eagle Materials by 0.3% during the second quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after purchasing an additional 17 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Eagle Materials by 3.7% in the 2nd quarter. Aperio Group LLC now owns 11,452 shares of the construction company’s stock worth $1,058,000 after acquiring an additional 407 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Eagle Materials by 1.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,467 shares of the construction company’s stock worth $1,245,000 after acquiring an additional 219 shares during the period. NGAM Advisors L.P. increased its stake in Eagle Materials by 1.4% during the 2nd quarter. NGAM Advisors L.P. now owns 26,162 shares of the construction company’s stock valued at $2,418,000 after buying an additional 365 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Eagle Materials by 10.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock valued at $1,067,000 after buying an additional 1,052 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eagle Materials Inc (NYSE EXP) traded up $0.38 on Thursday, reaching $111.68. 532,400 shares of the company traded hands, compared to its average volume of 570,421. The company has a market capitalization of $5,411.97, a price-to-earnings ratio of 24.57, a PEG ratio of 2.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02. Eagle Materials Inc has a 52-week low of $86.51 and a 52-week high of $114.96.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The firm had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. During the same period in the prior year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. research analysts expect that Eagle Materials Inc will post 5.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s dividend payout ratio is 9.17%.
In other news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the sale, the chief financial officer now owns 56,778 shares in the company, valued at approximately $6,338,695.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerald J. Essl sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $113.77, for a total transaction of $1,137,700.00. Following the completion of the sale, the insider now owns 24,380 shares in the company, valued at approximately $2,773,712.60. The disclosure for this sale can be found here. In the last three months, insiders sold 84,968 shares of company stock worth $9,325,808. Insiders own 4.10% of the company’s stock.
Several research firms have recently weighed in on EXP. Stifel Nicolaus raised their price objective on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Finally, Standpoint Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $122.50.
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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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