Wells Fargo & Company MN raised its stake in shares of Eagle Materials, Inc. (NYSE:EXP) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 722,005 shares of the construction company’s stock after purchasing an additional 31,286 shares during the period. Wells Fargo & Company MN owned 1.50% of Eagle Materials worth $75,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC raised its stake in Eagle Materials by 110.2% during the fourth quarter. LPL Financial LLC now owns 5,710 shares of the construction company’s stock worth $647,000 after purchasing an additional 2,994 shares during the period. Global X Management Co. LLC raised its stake in Eagle Materials by 197.9% during the first quarter. Global X Management Co. LLC now owns 10,043 shares of the construction company’s stock worth $1,035,000 after purchasing an additional 6,672 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Eagle Materials during the first quarter valued at about $1,007,000. Shaker Investments LLC OH increased its position in shares of Eagle Materials by 10.9% during the first quarter. Shaker Investments LLC OH now owns 22,020 shares of the construction company’s stock valued at $2,269,000 after acquiring an additional 2,170 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Eagle Materials by 61.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,958 shares of the construction company’s stock valued at $202,000 after acquiring an additional 744 shares during the last quarter. 95.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP James H. Graass sold 10,000 shares of Eagle Materials stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the transaction, the executive vice president now owns 61,715 shares in the company, valued at $6,788,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James H. Graass sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $115.00, for a total transaction of $575,000.00. Following the completion of the transaction, the executive vice president now owns 60,253 shares of the company’s stock, valued at approximately $6,929,095. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $3,324,500 in the last quarter. 1.70% of the stock is owned by insiders.

Shares of Eagle Materials stock opened at $97.63 on Monday. Eagle Materials, Inc. has a 52-week low of $86.51 and a 52-week high of $122.49. The company has a quick ratio of 1.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.65 billion, a P/E ratio of 23.14, a PEG ratio of 1.04 and a beta of 1.14.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Monday, July 30th. The construction company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). Eagle Materials had a return on equity of 18.77% and a net margin of 18.96%. The firm had revenue of $393.80 million during the quarter, compared to analysts’ expectations of $402.34 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. equities research analysts anticipate that Eagle Materials, Inc. will post 6.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be paid a $0.10 dividend. The ex-dividend date is Thursday, October 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. Eagle Materials’s dividend payout ratio is currently 9.48%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Northcoast Research upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.51 to $122.49 in a research report on Wednesday, June 13th. Jefferies Financial Group reiterated a “buy” rating and set a $126.00 price target on shares of Eagle Materials in a research report on Tuesday, July 31st. Stephens restated a “buy” rating and issued a $124.00 price objective on shares of Eagle Materials in a report on Thursday. Finally, Citigroup dropped their price objective on shares of Eagle Materials from $132.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 31st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Eagle Materials currently has an average rating of “Buy” and an average price target of $125.67.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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

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