Macquarie Group Ltd. decreased its holdings in Eagle Materials (NYSE:EXP) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,900 shares of the construction company’s stock after selling 10,140 shares during the period. Macquarie Group Ltd. owned about 0.10% of Eagle Materials worth $5,314,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Aperio Group LLC raised its stake in Eagle Materials by 3.8% in the fourth quarter. Aperio Group LLC now owns 12,797 shares of the construction company’s stock worth $1,450,000 after buying an additional 472 shares in the last quarter. Whittier Trust Co. raised its stake in Eagle Materials by 2.0% in the fourth quarter. Whittier Trust Co. now owns 24,007 shares of the construction company’s stock worth $2,720,000 after buying an additional 479 shares in the last quarter. Amalgamated Bank grew its holdings in Eagle Materials by 5.4% in the fourth quarter. Amalgamated Bank now owns 9,879 shares of the construction company’s stock worth $1,119,000 after purchasing an additional 510 shares during the last quarter. Optimum Investment Advisors grew its holdings in Eagle Materials by 7.4% in the third quarter. Optimum Investment Advisors now owns 9,345 shares of the construction company’s stock worth $997,000 after purchasing an additional 645 shares during the last quarter. Finally, Oakbrook Investments LLC grew its holdings in Eagle Materials by 15.7% in the fourth quarter. Oakbrook Investments LLC now owns 4,860 shares of the construction company’s stock worth $551,000 after purchasing an additional 660 shares during the last quarter. 96.04% of the stock is owned by institutional investors.
Several research firms have issued reports on EXP. Citigroup lifted their price target on shares of Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 30th. Stifel Nicolaus cut their price target on shares of Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Raymond James Financial began coverage on shares of Eagle Materials in a report on Tuesday, March 13th. They issued a “market perform” rating on the stock. Finally, Longbow Research raised shares of Eagle Materials from a “neutral” rating to a “buy” rating in a report on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $135.00.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $359.40 million for the quarter, compared to analyst estimates of $364.52 million. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. sell-side analysts anticipate that Eagle Materials will post 5.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is presently 9.46%.
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Eagle Materials Company Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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