DekaBank Deutsche Girozentrale increased its position in shares of Eagle Materials, Inc. (NYSE:EXP) by 22.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,095 shares of the construction company’s stock after buying an additional 931 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Eagle Materials were worth $490,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in EXP. FMR LLC boosted its stake in Eagle Materials by 43.0% in the fourth quarter. FMR LLC now owns 4,717,092 shares of the construction company’s stock worth $464,775,000 after buying an additional 1,418,693 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in Eagle Materials during the fourth quarter worth about $49,063,000. Norges Bank bought a new stake in Eagle Materials during the fourth quarter worth about $36,379,000. Fiera Capital Corp bought a new stake in Eagle Materials during the fourth quarter worth about $28,119,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Eagle Materials during the first quarter worth about $25,966,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Eagle Materials, Inc. (NYSE:EXP) traded down 1.73% during midday trading on Wednesday, reaching $97.15. 146,098 shares of the company’s stock traded hands. The stock’s 50 day moving average is $97.31 and its 200-day moving average is $99.30. The company has a market capitalization of $4.71 billion, a PE ratio of 23.70 and a beta of 1.36. Eagle Materials, Inc. has a 52 week low of $71.24 and a 52 week high of $110.64.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Eagle Materials had a return on equity of 18.45% and a net margin of 16.98%. The business had revenue of $278.60 million during the quarter, compared to analysts’ expectations of $271.18 million. During the same quarter last year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts forecast that Eagle Materials, Inc. will post $5.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Wednesday, June 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Monday, June 19th. Eagle Materials’s payout ratio is currently 9.64%.
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Separately, Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $105.00.
In related news, CEO David B. Powers sold 11,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the sale, the chief executive officer now owns 73,400 shares of the company’s stock, valued at $7,268,802. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James H. Graass sold 10,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $101.00, for a total value of $1,010,000.00. Following the sale, the executive vice president now directly owns 69,653 shares in the company, valued at approximately $7,034,953. The disclosure for this sale can be found here. 5.50% of the stock is owned by company 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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