Northwestern Mutual Investment Management Company LLC Has $643,000 Stake in Eagle Materials Inc (EXP)

Northwestern Mutual Investment Management Company LLC decreased its stake in shares of Eagle Materials Inc (NYSE:EXP) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,336 shares of the construction company’s stock after selling 7 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Eagle Materials were worth $643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXP. IFP Advisors Inc lifted its holdings in Eagle Materials by 38.1% during the 1st quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock valued at $106,000 after buying an additional 301 shares in the last quarter. Pacad Investment Ltd. lifted its holdings in Eagle Materials by 116.7% during the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after buying an additional 700 shares in the last quarter. Global X Management Co. LLC lifted its holdings in Eagle Materials by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock valued at $142,000 after buying an additional 1,056 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Eagle Materials by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after buying an additional 146 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in Eagle Materials by 2.5% during the 1st quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock valued at $220,000 after buying an additional 55 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Northwestern Mutual Investment Management Company LLC Has $643,000 Stake in Eagle Materials Inc (EXP)” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://sportsperspectives.com/2017/09/11/northwestern-mutual-investment-management-company-llc-has-643000-stake-in-eagle-materials-inc-exp.html.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub lowered shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and reduced their price target for the company from $115.00 to $110.00 in a report on Monday, July 31st. Finally, Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Hold” and an average price target of $104.67.

Eagle Materials Inc (NYSE EXP) opened at 103.32 on Monday. The stock has a market cap of $5.01 billion, a P/E ratio of 24.02 and a beta of 1.18. Eagle Materials Inc has a 12 month low of $73.27 and a 12 month high of $110.64. The stock has a 50 day moving average of $92.69 and a 200-day moving average of $95.83.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The firm had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. During the same period last year, the firm posted $0.93 EPS. Eagle Materials’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities analysts forecast that Eagle Materials Inc will post $5.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be given a $0.10 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is 9.30%.

In other Eagle Materials news, SVP William R. Devlin sold 16,469 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $96.51, for a total transaction of $1,589,423.19. Following the sale, the senior vice president now directly owns 51,973 shares in the company, valued at approximately $5,015,914.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerald J. Essl sold 2,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $93.40, for a total transaction of $186,800.00. Following the sale, the insider now owns 39,859 shares in the company, valued at $3,722,830.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,240 shares of company stock worth $6,137,043. 4.10% of the stock is currently owned by insiders.

Eagle Materials 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.

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

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

Latest News

Leave a Reply