Prudential Financial Inc. boosted its position in shares of Eagle Materials Inc (NYSE:EXP) by 39.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 419,711 shares of the construction company’s stock after buying an additional 119,184 shares during the period. Prudential Financial Inc. owned approximately 0.87% of Eagle Materials worth $38,789,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EXP. Bank of Montreal Can raised its stake in shares of Eagle Materials by 103.1% in the first quarter. Bank of Montreal Can now owns 6,287 shares of the construction company’s stock worth $610,000 after buying an additional 3,192 shares during the period. Capstone Asset Management Co. raised its stake in shares of Eagle Materials by 5.3% in the first quarter. Capstone Asset Management Co. now owns 6,553 shares of the construction company’s stock worth $637,000 after buying an additional 330 shares during the period. Retirement Systems of Alabama raised its stake in shares of Eagle Materials by 0.4% in the first quarter. Retirement Systems of Alabama now owns 62,498 shares of the construction company’s stock worth $6,071,000 after buying an additional 229 shares during the period. Acadian Asset Management LLC raised its stake in shares of Eagle Materials by 16.3% in the first quarter. Acadian Asset Management LLC now owns 4,537 shares of the construction company’s stock worth $441,000 after buying an additional 636 shares during the period. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Eagle Materials by 294.6% in the first quarter. Glen Harbor Capital Management LLC now owns 9,344 shares of the construction company’s stock worth $908,000 after buying an additional 6,976 shares during the period. 91.08% of the stock is owned by institutional investors.

Shares of Eagle Materials Inc (NYSE EXP) opened at 97.25 on Friday. The company’s 50-day moving average is $91.66 and its 200 day moving average is $96.06. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 22.61 and a beta of 1.23. Eagle Materials Inc has a 1-year low of $73.27 and a 1-year high of $110.64.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, equities research analysts expect that Eagle Materials Inc will post $5.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.41%. Eagle Materials’s dividend payout ratio is 9.30%.

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A number of equities research analysts have recently issued reports on EXP shares. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Thursday, June 1st. BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Finally, Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their target price for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $104.67.

In other news, insider Gerald J. Essl sold 2,000 shares of Eagle Materials stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $93.40, for a total transaction of $186,800.00. Following the sale, the insider now directly owns 39,859 shares in the company, valued at approximately $3,722,830.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David B. Powers sold 11,317 shares of Eagle Materials stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $93.57, for a total transaction of $1,058,931.69. Following the sale, the chief executive officer now owns 106,580 shares in the company, valued at $9,972,690.60. The disclosure for this sale can be found here. Company 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.

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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