Aperio Group LLC boosted its stake in shares of Eagle Materials Inc (NYSE:EXP) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,325 shares of the construction company’s stock after acquiring an additional 873 shares during the period. Aperio Group LLC’s holdings in Eagle Materials were worth $1,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FMR LLC grew its stake in Eagle Materials by 9.1% during the second quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock valued at $407,307,000 after acquiring an additional 367,661 shares in the last quarter. BlackRock Inc. grew its stake in Eagle Materials by 3.8% during the second quarter. BlackRock Inc. now owns 4,101,930 shares of the construction company’s stock valued at $379,100,000 after acquiring an additional 150,577 shares in the last quarter. Vanguard Group Inc. grew its stake in Eagle Materials by 1.1% during the second quarter. Vanguard Group Inc. now owns 3,784,382 shares of the construction company’s stock valued at $349,753,000 after acquiring an additional 41,784 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Eagle Materials by 11.7% during the second quarter. JPMorgan Chase & Co. now owns 2,357,834 shares of the construction company’s stock valued at $217,913,000 after acquiring an additional 247,169 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Eagle Materials by 4.8% during the second quarter. Wells Fargo & Company MN now owns 1,376,500 shares of the construction company’s stock valued at $127,216,000 after acquiring an additional 63,035 shares in the last quarter. 87.42% of the stock is owned by institutional investors.

Eagle Materials Inc (NYSE:EXP) opened at $105.69 on Friday. Eagle Materials Inc has a 52 week low of $86.51 and a 52 week high of $110.98. The company has a market cap of $5,020.00, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.58 and a beta of 1.28. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The business had revenue of $376.30 million during the quarter, compared to analysts’ expectations of $412.84 million. During the same period in the previous year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. sell-side analysts anticipate that Eagle Materials Inc will post 5.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Eagle Materials’s payout ratio is currently 9.20%.

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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, SVP William R. Devlin sold 7,183 shares of Eagle Materials stock in a transaction on Friday, October 27th. The stock was sold at an average price of $107.00, for a total transaction of $768,581.00. Following the completion of the transaction, the senior vice president now directly owns 28,321 shares of the company’s stock, valued at $3,030,347. The disclosure for this sale can be found here. Insiders sold a total of 79,999 shares of company stock valued at $8,060,190 over the last three months. Corporate insiders own 4.10% of the company’s stock.

Several research firms recently weighed in on EXP. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Thursday. Standpoint Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub cut shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $115.00 to $110.00 in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $110.00.

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.

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

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