Linscomb & Williams Inc. continued to hold its position in shares of Eagle Materials Inc (NYSE:EXP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,000 shares of the construction company’s stock at the close of the second quarter. Linscomb & Williams Inc.’s holdings in Eagle Materials were worth $647,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Nomura Holdings Inc. lifted its position in shares of Eagle Materials by 24.5% during the second quarter. Nomura Holdings Inc. now owns 11,357 shares of the construction company’s stock worth $1,050,000 after acquiring an additional 2,235 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Eagle Materials by 474.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after acquiring an additional 949 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Eagle Materials by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 71,406 shares of the construction company’s stock worth $6,600,000 after acquiring an additional 1,536 shares in the last quarter. State Street Corp lifted its position in shares of Eagle Materials by 3.0% during the second quarter. State Street Corp now owns 1,347,008 shares of the construction company’s stock worth $124,488,000 after acquiring an additional 39,708 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Eagle Materials during the second quarter worth $2,586,000. Institutional investors and hedge funds own 91.02% of the company’s stock.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. The business had revenue of $366.10 million for the quarter, compared to analysts’ expectations of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, October 5th. Eagle Materials’s dividend payout ratio is presently 9.30%.
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Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. Finally, BidaskClub downgraded Eagle Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $110.00.
In other news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $101.40, for a total transaction of $507,000.00. Following the transaction, the chief financial officer now owns 61,778 shares in the company, valued at approximately $6,264,289.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerald J. Essl sold 2,000 shares of Eagle Materials 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 transaction, the insider now owns 39,859 shares in the company, valued at approximately $3,722,830.60. The disclosure for this sale can be found here. Insiders have sold a total of 69,774 shares of company stock worth $6,798,741 in the last quarter. Corporate insiders own 4.10% of the company’s stock.
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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