Gotham Asset Management LLC increased its stake in Eagle Materials Inc (NYSE:EXP) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,260 shares of the construction company’s stock after buying an additional 59,516 shares during the period. Gotham Asset Management LLC owned about 0.67% of Eagle Materials worth $31,693,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of EXP. IFP Advisors Inc increased its stake in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock valued at $106,000 after buying an additional 301 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock valued at $133,000 after buying an additional 113 shares during the last quarter. Marshall Wace LLP bought a new stake in Eagle Materials during the fourth quarter valued at about $219,000. Coldstream Capital Management Inc. increased its stake in Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock valued at $220,000 after buying an additional 55 shares during the last quarter. Finally, Gideon Capital Advisors Inc. bought a new stake in Eagle Materials during the fourth quarter valued at about $232,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.
Eagle Materials Inc (NYSE EXP) traded down 0.01% during trading on Friday, reaching $93.65. The company’s stock had a trading volume of 588,611 shares. The stock’s 50 day moving average is $97.48 and its 200-day moving average is $99.54. The firm has a market cap of $4.55 billion, a P/E ratio of 22.84 and a beta of 1.29. Eagle Materials Inc has a 52 week low of $71.24 and a 52 week high of $110.64.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The company had revenue of $278.60 million for the quarter, compared to analyst estimates of $271.18 million. Eagle Materials had a return on equity of 18.07% and a net margin of 16.36%. Eagle Materials’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. On average, equities research analysts forecast that Eagle Materials Inc will post $5.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Wednesday, June 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 19th. Eagle Materials’s dividend payout ratio is currently 9.76%.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Stephens upgraded Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Eagle Materials has an average rating of “Buy” and a consensus target price of $103.00.
In other news, CEO David B. Powers sold 11,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the sale, the chief executive officer now owns 73,400 shares of the company’s stock, valued at $7,268,802. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James H. Graass sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $101.00, for a total value of $1,010,000.00. Following the sale, the executive vice president now directly owns 69,653 shares in the company, valued at approximately $7,034,953. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Eagle Materials Company Profile
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.
Want to see what other hedge funds are holding EXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Materials Inc (NYSE:EXP).
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2228968/eagle-materials-inc-exp-stake-raised-by-gotham-asset-management-llc.html
Receive News & Ratings for Eagle Materials Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials Inc and related companies with MarketBeat.com's FREE daily email newsletter.