Quantitative Investment Management LLC lessened its holdings in shares of Eagle Materials, Inc. (NYSE:EXP) by 32.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 64,000 shares of the construction company’s stock after selling 30,700 shares during the period. Quantitative Investment Management LLC owned 0.13% of Eagle Materials worth $7,251,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in Eagle Materials by 137.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock worth $426,000 after acquiring an additional 2,303 shares during the period. Ameriprise Financial Inc. grew its holdings in Eagle Materials by 67.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock worth $30,601,000 after acquiring an additional 115,968 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Eagle Materials during the 3rd quarter worth $805,000. Capital Analysts LLC acquired a new stake in Eagle Materials during the 3rd quarter worth $1,013,000. Finally, Hermes Investment Management Ltd. grew its holdings in Eagle Materials by 2.6% during the 4th quarter. Hermes Investment Management Ltd. now owns 590,404 shares of the construction company’s stock worth $66,893,000 after acquiring an additional 14,788 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Citigroup lifted their target price on shares of Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $135.00.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $359.40 million during the quarter, compared to analyst estimates of $364.52 million. During the same quarter in the previous year, the business earned $1.17 EPS. The firm’s revenue was up 18.8% on a year-over-year basis. sell-side analysts expect that Eagle Materials, Inc. will post 5.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is 7.59%.
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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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