Investment Centers of America Inc. acquired a new stake in Eagle Materials Inc (NYSE:EXP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,851 shares of the construction company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently modified their holdings of EXP. Tower Research Capital LLC TRC increased its position in Eagle Materials by 474.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after acquiring an additional 949 shares during the period. IFP Advisors Inc increased its position in Eagle Materials by 8.3% during the second quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after acquiring an additional 91 shares during the period. Pacad Investment Ltd. increased its position in Eagle Materials by 116.7% during the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after acquiring an additional 700 shares during the period. Global X Management Co. LLC increased its position in Eagle Materials by 220.0% during the second quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after acquiring an additional 1,056 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Eagle Materials by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after acquiring an additional 146 shares during the period. 91.57% of the stock is currently owned by institutional investors.

Eagle Materials Inc (NYSE:EXP) traded down $0.60 during trading hours on Friday, reaching $111.33. 624,542 shares of the company were exchanged, compared to its average volume of 431,280. Eagle Materials Inc has a 1-year low of $86.51 and a 1-year high of $112.45. The company has a market capitalization of $5,442.60, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 2.79 and a beta of 1.29. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The firm had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. During the same period in the prior year, the business earned $1.25 earnings per share. Eagle Materials’s quarterly revenue was up 13.1% compared to the same quarter last year. analysts anticipate that Eagle Materials Inc will post 5.02 EPS for the current fiscal year.

The company also recently announced 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. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, December 21st. Eagle Materials’s dividend payout ratio is currently 9.17%.

In other Eagle Materials news, COO Michael Haack sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $112.00, for a total value of $1,120,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gerald J. Essl sold 5,479 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $549,653.28. Following the completion of the transaction, the executive vice president now directly owns 34,380 shares in the company, valued at $3,449,001.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,447 shares of company stock worth $9,244,761. Insiders own 4.10% of the company’s stock.

A number of equities analysts recently commented on EXP shares. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Standpoint Research lowered 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $110.00.

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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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