First Mercantile Trust Co. lowered its stake in shares of Eagle Materials, Inc. (NYSE:EXP) by 10.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,975 shares of the construction company’s stock after selling 584 shares during the period. First Mercantile Trust Co.’s holdings in Eagle Materials were worth $564,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of EXP. Suntrust Banks Inc. lifted its stake in Eagle Materials by 11.4% during the 2nd quarter. Suntrust Banks Inc. now owns 2,718 shares of the construction company’s stock valued at $249,000 after acquiring an additional 278 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Eagle Materials by 1.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 54,661 shares of the construction company’s stock valued at $5,052,000 after acquiring an additional 1,045 shares during the period. Dimensional Fund Advisors LP lifted its stake in Eagle Materials by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock valued at $40,925,000 after acquiring an additional 9,922 shares during the period. Voya Investment Management LLC lifted its stake in Eagle Materials by 9.3% during the 2nd quarter. Voya Investment Management LLC now owns 26,395 shares of the construction company’s stock valued at $2,439,000 after acquiring an additional 2,251 shares during the period. Finally, Stifel Financial Corp lifted its stake in Eagle Materials by 25.9% during the 2nd quarter. Stifel Financial Corp now owns 9,315 shares of the construction company’s stock valued at $854,000 after acquiring an additional 1,917 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.
In other news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the transaction, the chief financial officer now owns 56,778 shares in the company, valued at approximately $6,338,695.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Haack sold 6,731 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $115.00, for a total transaction of $774,065.00. Following the completion of the transaction, the chief operating officer now owns 28,136 shares in the company, valued at approximately $3,235,640. The disclosure for this sale can be found here. Insiders sold a total of 61,623 shares of company stock worth $6,930,994 in the last quarter. Company insiders own 4.10% of the company’s stock.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.20. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The firm had revenue of $359.40 million for the quarter, compared to analysts’ expectations of $364.52 million. During the same quarter in the prior year, the business earned $1.17 EPS. The business’s quarterly revenue was up 18.8% on a year-over-year basis. research analysts expect that Eagle Materials, Inc. will post 5.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.59%.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Stifel Nicolaus upped their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Citigroup increased their price objective on shares of Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $135.00.
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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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