Credit Agricole S A held its position in shares of Eagle Materials, Inc. (NYSE:EXP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,048 shares of the company’s stock at the end of the fourth quarter. Credit Agricole S A’s holdings in Eagle Materials were worth $596,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of EXP. Tower Research Capital LLC TRC raised its position in shares of Eagle Materials by 1.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,699 shares of the company’s stock worth $132,000 after buying an additional 24 shares in the last quarter. Aperio Group LLC raised its position in shares of Eagle Materials by 1.1% in the third quarter. Aperio Group LLC now owns 7,060 shares of the company’s stock worth $546,000 after buying an additional 75 shares in the last quarter. AMI Investment Management Inc. raised its position in shares of Eagle Materials by 0.4% in the third quarter. AMI Investment Management Inc. now owns 29,275 shares of the company’s stock worth $2,263,000 after buying an additional 110 shares in the last quarter. Advisor Group Inc. raised its position in shares of Eagle Materials by 4.8% in the third quarter. Advisor Group Inc. now owns 2,957 shares of the company’s stock worth $195,000 after buying an additional 136 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Eagle Materials by 5.7% in the third quarter. LS Investment Advisors LLC now owns 3,101 shares of the company’s stock worth $240,000 after buying an additional 166 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.
Eagle Materials, Inc. (NYSE:EXP) opened at 99.62 on Monday. The company has a 50 day moving average price of $103.64 and a 200 day moving average price of $92.62. Eagle Materials, Inc. has a 12 month low of $66.75 and a 12 month high of $110.64. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 24.10 and a beta of 1.36.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. The firm had revenue of $302.40 million for the quarter, compared to analyst estimates of $304.87 million. Eagle Materials had a net margin of 16.98% and a return on equity of 18.45%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. Equities research analysts predict that Eagle Materials, Inc. will post $4.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Thursday, April 13th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $0.40 annualized dividend and a yield of 0.40%. Eagle Materials’s dividend payout ratio (DPR) is 9.64%.
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A number of brokerages have weighed in on EXP. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research note on Tuesday, December 27th. Citigroup Inc lowered Eagle Materials from a “buy” rating to a “neutral” rating in a research note on Monday, December 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $88.33.
In other Eagle Materials news, CEO David B. Powers sold 22,000 shares of Eagle Materials stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $106.49, for a total value of $2,342,780.00. Following the transaction, the chief executive officer now owns 74,034 shares in the company, valued at $7,883,880.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director F William Barnett sold 19,454 shares of Eagle Materials stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $107.19, for a total transaction of $2,085,274.26. Following the completion of the transaction, the director now owns 29,859 shares in the company, valued at approximately $3,200,586.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,454 shares of company stock worth $4,953,054. 5.50% of the stock is currently owned by company insiders.
Eagle Materials Company Profile
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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