Eagle Materials Inc (EXP) Holdings Increased by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its position in Eagle Materials Inc (NYSE:EXP) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 232,864 shares of the construction company’s stock after acquiring an additional 7,192 shares during the period. Schwab Charles Investment Management Inc. owned about 0.48% of Eagle Materials worth $21,522,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in EXP. BlackRock Inc. grew its stake in Eagle Materials by 16,628.1% in the 1st quarter. BlackRock Inc. now owns 3,951,353 shares of the construction company’s stock worth $383,836,000 after acquiring an additional 3,927,732 shares during the period. OppenheimerFunds Inc. grew its stake in Eagle Materials by 181.1% in the 1st quarter. OppenheimerFunds Inc. now owns 311,938 shares of the construction company’s stock worth $30,301,000 after acquiring an additional 200,952 shares during the period. Neuberger Berman Group LLC grew its stake in Eagle Materials by 8.5% in the 1st quarter. Neuberger Berman Group LLC now owns 2,380,652 shares of the construction company’s stock worth $231,257,000 after acquiring an additional 186,557 shares during the period. Vanguard Group Inc. grew its stake in Eagle Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock worth $363,557,000 after acquiring an additional 179,308 shares during the period. Finally, Morgan Stanley grew its stake in Eagle Materials by 139.3% in the 1st quarter. Morgan Stanley now owns 295,606 shares of the construction company’s stock worth $28,716,000 after acquiring an additional 172,087 shares during the period. 90.94% of the stock is owned by hedge funds and other institutional investors.
In other Eagle Materials news, insider Gerald J. Essl sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $93.40, for a total value of $186,800.00. Following the completion of the sale, the insider now directly owns 39,859 shares of the company’s stock, valued at $3,722,830.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert S. Stewart sold 6,534 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $101.27, for a total transaction of $661,698.18. Following the completion of the sale, the executive vice president now directly owns 66,037 shares of the company’s stock, valued at $6,687,566.99. The disclosure for this sale can be found here. Insiders sold 69,774 shares of company stock valued at $6,798,741 over the last three months. Insiders own 4.10% of the company’s stock.
Several analysts have commented on EXP shares. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Finally, BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $107.00.
Eagle Materials Inc (NYSE EXP) opened at 103.19 on Tuesday. The firm has a 50 day moving average of $94.27 and a 200-day moving average of $95.54. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 23.99 and a beta of 1.18. Eagle Materials Inc has a one year low of $73.27 and a one year high of $110.64.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The firm 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 company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. Equities research analysts forecast that Eagle Materials Inc will post $5.38 EPS for the current fiscal year.
The firm also recently announced 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. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, October 5th. Eagle Materials’s dividend payout ratio is 9.30%.
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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