Dixon Hubard Feinour & Brown Inc. VA Has $5.10 Million Position in Eagle Materials Inc (NYSE:EXP)
Dixon Hubard Feinour & Brown Inc. VA reduced its position in shares of Eagle Materials Inc (NYSE:EXP) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,155 shares of the construction company’s stock after selling 440 shares during the period. Eagle Materials accounts for 1.5% of Dixon Hubard Feinour & Brown Inc. VA’s portfolio, making the stock its 26th largest position. Dixon Hubard Feinour & Brown Inc. VA owned approximately 0.11% of Eagle Materials worth $5,097,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of EXP. IFP Advisors Inc raised its position in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock worth $133,000 after buying an additional 113 shares during the period. Coldstream Capital Management Inc. raised its position in Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares during the period. M&T Bank Corp raised its position in Eagle Materials by 14.8% in the first quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock worth $228,000 after buying an additional 302 shares during the period. Finally, Greenwood Capital Associates LLC raised its position in Eagle Materials by 1.2% in the first quarter. Greenwood Capital Associates LLC now owns 2,431 shares of the construction company’s stock worth $236,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 93.22% of the company’s stock.
Eagle Materials Inc (EXP) traded up 0.51% during midday trading on Monday, reaching $93.73. The company’s stock had a trading volume of 370,758 shares. The company’s 50-day moving average price is $95.63 and its 200-day moving average price is $99.04. Eagle Materials Inc has a 1-year low of $73.27 and a 1-year high of $110.64. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 22.86 and a beta of 1.23.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. Eagle Materials had a return on equity of 18.07% and a net margin of 16.36%. The company had revenue of $278.60 million during the quarter, compared to analysts’ expectations of $271.18 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, analysts predict that Eagle Materials Inc will post $5.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Wednesday, June 21st will be paid a $0.10 dividend. The ex-dividend date is Monday, June 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. Eagle Materials’s payout ratio is 9.76%.
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A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Buy” and a consensus target price of $102.00.
In related news, EVP James H. Graass sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the completion of the transaction, the executive vice president now owns 69,653 shares of the company’s stock, valued at $7,034,953. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David B. Powers sold 11,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $99.03, for a total value of $1,089,330.00. Following the transaction, the chief executive officer now directly owns 73,400 shares of the company’s stock, valued at approximately $7,268,802. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.
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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