Great West Life Assurance Co. Can trimmed its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,682 shares of the construction company’s stock after selling 564 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Eagle Materials worth $3,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 949 shares during the last quarter. IFP Advisors Inc raised its stake in shares of 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 buying an additional 91 shares during the last quarter. Pacad Investment Ltd. raised its stake in shares of 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 buying an additional 700 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of 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 buying an additional 1,056 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 buying an additional 146 shares during the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Shares of Eagle Materials Inc (EXP) traded down $2.73 during trading hours on Wednesday, reaching $112.25. 785,900 shares of the company’s stock traded hands, compared to its average volume of 573,152. Eagle Materials Inc has a 1 year low of $86.51 and a 1 year high of $116.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 0.94. The company has a market capitalization of $5,590.91, a P/E ratio of 25.38, a PEG ratio of 2.87 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ 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 previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. equities analysts forecast that Eagle Materials Inc will post 5.01 earnings per share for the current 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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s payout ratio is presently 9.17%.

In other news, insider Gerald J. Essl sold 8,161 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $105.00, for a total transaction of $856,905.00. Following the completion of the sale, the insider now owns 42,541 shares of the company’s stock, valued at $4,466,805. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William R. Devlin sold 7,183 shares of the 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 sale, the senior vice president now directly owns 28,321 shares of the company’s stock, valued at approximately $3,030,347. The disclosure for this sale can be found here. Insiders sold 85,165 shares of company stock valued at $9,438,175 in the last ninety days. Insiders own 4.10% of the company’s stock.

Several brokerages have commented on EXP. Stifel Nicolaus upped their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Standpoint Research downgraded 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $122.50.

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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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