SG Americas Securities LLC lifted its stake in shares of Eagle Materials, Inc. (NYSE:EXP) by 596.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,619 shares of the construction company’s stock after acquiring an additional 58,773 shares during the period. SG Americas Securities LLC’s holdings in Eagle Materials were worth $6,361,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in shares of Eagle Materials during the first quarter valued at $31,000. Quadrant Capital Group LLC boosted its stake in shares of Eagle Materials by 294.6% during the first quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock valued at $97,000 after acquiring an additional 881 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Eagle Materials during the fourth quarter valued at $95,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Eagle Materials during the second quarter valued at $174,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Eagle Materials during the first quarter valued at $207,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on EXP shares. TheStreet lowered Eagle Materials from a “b” rating to a “c+” rating in a research note on Friday, May 17th. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and decreased their price target for the stock from $106.00 to $92.00 in a research note on Thursday, July 18th. Citigroup raised their price target on Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Stifel Nicolaus set a $101.00 price target on Eagle Materials and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Northcoast Research lowered Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 price target on the stock. in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Eagle Materials presently has a consensus rating of “Hold” and an average target price of $93.88.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.27). Eagle Materials had a return on equity of 17.21% and a net margin of 3.20%. The business had revenue of $370.60 million during the quarter, compared to analyst estimates of $376.95 million. During the same period in the previous year, the business posted $1.38 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities analysts predict that Eagle Materials, Inc. will post 5.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 21st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, June 20th. Eagle Materials’s payout ratio is 7.92%.
In other news, Director Ed H. Bowman, Jr. sold 2,492 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $84.52, for a total value of $210,623.84. Following the transaction, the director now directly owns 16,386 shares in the company, valued at approximately $1,384,944.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Keith W. Metcalf sold 10,980 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $81.33, for a total value of $893,003.40. Following the completion of the transaction, the insider now owns 58,087 shares in the company, valued at $4,724,215.71. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Eagle Materials Company Profile
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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