Callahan Advisors LLC grew its position in shares of Eagle Materials Inc (NYSE:EXP) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,656 shares of the construction company’s stock after buying an additional 4,625 shares during the quarter. Callahan Advisors LLC owned 0.06% of Eagle Materials worth $3,164,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Eagle Materials by 16,628.1% in the first quarter. BlackRock Inc. now owns 3,951,353 shares of the construction company’s stock worth $383,836,000 after purchasing an additional 3,927,732 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Eagle Materials by 928.1% in the second quarter. Renaissance Technologies LLC now owns 464,700 shares of the construction company’s stock worth $42,948,000 after purchasing an additional 419,500 shares during the last quarter. FMR LLC boosted its holdings in Eagle Materials by 9.1% in the second quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock worth $407,307,000 after purchasing an additional 367,661 shares during the last quarter. Marshall Wace North America L.P. boosted its holdings in Eagle Materials by 316.8% in the second quarter. Marshall Wace North America L.P. now owns 359,705 shares of the construction company’s stock worth $33,093,000 after purchasing an additional 273,405 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Eagle Materials by 11.7% in the second quarter. JPMorgan Chase & Co. now owns 2,357,834 shares of the construction company’s stock worth $217,913,000 after purchasing an additional 247,169 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.
Several research analysts have weighed in on EXP shares. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Standpoint Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $110.00.
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Shares of Eagle Materials Inc (EXP) opened at $104.35 on Wednesday. The company has a market cap of $5,037.07, a price-to-earnings 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 announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.22). The company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. analysts anticipate that Eagle Materials Inc will post 5.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Eagle Materials’s dividend payout ratio is currently 9.17%.
In other Eagle Materials 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 value 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 approximately $6,264,289.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James H. Graass sold 8,198 shares of Eagle Materials stock in a transaction on Monday, October 30th. The stock was sold at an average price of $107.55, for a total transaction of $881,694.90. Following the completion of the transaction, the executive vice president now directly owns 57,563 shares of the company’s stock, valued at $6,190,900.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,999 shares of company stock worth $8,060,190. 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.
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