Strategic Financial Services Inc bought a new stake in Eagle Materials Inc (NYSE:EXP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,045 shares of the construction company’s stock, valued at approximately $2,139,000.
Several other hedge funds also recently made changes to their positions in EXP. Tower Research Capital LLC TRC grew its stake in shares of Eagle Materials by 474.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after purchasing an additional 949 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Eagle Materials by 8.3% in the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock valued at $109,000 after purchasing an additional 91 shares during the last quarter. Pacad Investment Ltd. grew its stake in shares of Eagle Materials by 116.7% in the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after purchasing an additional 700 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Eagle Materials by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock valued at $142,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Eagle Materials by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 88.01% of the company’s stock.
Several research analysts have weighed in on EXP shares. Zacks Investment Research downgraded Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. Standpoint Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub upgraded Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and decreased their price target for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $110.00.
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Shares of Eagle Materials Inc (NYSE EXP) traded down $0.43 during mid-day trading on Friday, reaching $103.59. The company had a trading volume of 488,200 shares, compared to its average volume of 529,695. The firm has a market capitalization of $5,037.06, a PE ratio of 22.87, a PEG ratio of 2.56 and a beta of 1.28. Eagle Materials Inc has a 52-week low of $86.51 and a 52-week high of $110.98. 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 (NYSE:EXP) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.22). The firm had revenue of $376.30 million for the quarter, compared to analyst estimates of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. sell-side analysts anticipate that Eagle Materials Inc will post 5.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 0.39%. Eagle Materials’s dividend payout ratio is presently 9.17%.
In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total transaction of $507,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,778 shares of the company’s stock, valued at $6,264,289.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William R. Devlin sold 16,469 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total value of $1,589,423.19. Following the completion of the transaction, the senior vice president now directly owns 51,973 shares of the company’s stock, valued at $5,015,914.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,999 shares of company stock valued at $8,060,190. 4.10% of the stock is currently owned by 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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