United Capital Financial Advisers LLC lowered its holdings in shares of Eagle Materials Inc. (NYSE:EXP – Get Rating) by 20.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,494 shares of the construction company’s stock after selling 644 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Eagle Materials were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in EXP. Fifth Third Bancorp increased its position in shares of Eagle Materials by 45.7% during the 2nd quarter. Fifth Third Bancorp now owns 325 shares of the construction company’s stock valued at $36,000 after purchasing an additional 102 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Eagle Materials by 157.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 404 shares of the construction company’s stock valued at $43,000 after purchasing an additional 247 shares during the last quarter. IFP Advisors Inc increased its position in shares of Eagle Materials by 42.4% during the 3rd quarter. IFP Advisors Inc now owns 457 shares of the construction company’s stock valued at $53,000 after purchasing an additional 136 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Eagle Materials during the 3rd quarter valued at about $76,000. Finally, Van ECK Associates Corp increased its position in shares of Eagle Materials by 9.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,133 shares of the construction company’s stock valued at $121,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.
Insider Activity
In other news, SVP Tony Thompson sold 2,803 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $150.00, for a total transaction of $420,450.00. Following the completion of the transaction, the senior vice president now directly owns 12,934 shares in the company, valued at approximately $1,940,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Tony Thompson sold 2,803 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $150.00, for a total transaction of $420,450.00. Following the completion of the transaction, the senior vice president now directly owns 12,934 shares in the company, valued at approximately $1,940,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Powers sold 4,941 shares of the stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $147.48, for a total value of $728,698.68. Following the transaction, the director now owns 23,662 shares of the company’s stock, valued at $3,489,671.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,992 shares of company stock worth $6,427,728. 1.60% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Eagle Materials Trading Down 0.6 %
EXP stock opened at $144.37 on Wednesday. Eagle Materials Inc. has a 1-year low of $101.98 and a 1-year high of $152.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.36 and a quick ratio of 1.17. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 12.48 and a beta of 1.30. The business has a 50 day simple moving average of $142.15 and a two-hundred day simple moving average of $129.64.
Eagle Materials (NYSE:EXP – Get Rating) last posted its earnings results on Thursday, January 26th. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.01. The firm had revenue of $511.50 million during the quarter, compared to the consensus estimate of $532.95 million. Eagle Materials had a return on equity of 38.27% and a net margin of 20.83%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 EPS. Research analysts anticipate that Eagle Materials Inc. will post 12.17 EPS for the current fiscal year.
Eagle Materials Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. Eagle Materials’s dividend payout ratio is currently 8.64%.
About Eagle Materials
Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.
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