Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Eagle Materials Inc. (NYSE:EXP – Free Report) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,473 shares of the construction company’s stock after buying an additional 358 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eagle Materials were worth $950,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Eagle Materials by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,841,414 shares of the construction company’s stock worth $411,723,000 after buying an additional 110,695 shares during the period. Neuberger Berman Group LLC lifted its stake in Eagle Materials by 0.6% in the fourth quarter. Neuberger Berman Group LLC now owns 1,695,599 shares of the construction company’s stock valued at $225,260,000 after buying an additional 10,895 shares in the last quarter. State Street Corp lifted its stake in Eagle Materials by 0.3% in the first quarter. State Street Corp now owns 1,056,912 shares of the construction company’s stock valued at $135,929,000 after buying an additional 3,684 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Eagle Materials by 5.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,053,983 shares of the construction company’s stock worth $140,022,000 after acquiring an additional 58,727 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Eagle Materials by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,569 shares of the construction company’s stock worth $85,367,000 after acquiring an additional 31,596 shares during the period. 92.84% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Eagle Materials
In other Eagle Materials news, SVP William R. Devlin sold 4,914 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $168.30, for a total transaction of $827,026.20. Following the transaction, the senior vice president now owns 26,269 shares of the company’s stock, valued at $4,421,072.70. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Michael Haack sold 28,030 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $165.34, for a total value of $4,634,480.20. Following the transaction, the chief executive officer now directly owns 109,229 shares of the company’s stock, valued at $18,059,922.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William R. Devlin sold 4,914 shares of Eagle Materials stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $168.30, for a total transaction of $827,026.20. Following the sale, the senior vice president now directly owns 26,269 shares of the company’s stock, valued at approximately $4,421,072.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,939 shares of company stock worth $7,804,980. Insiders own 1.70% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on EXP
Eagle Materials Stock Down 0.8 %
NYSE:EXP opened at $182.74 on Thursday. Eagle Materials Inc. has a twelve month low of $101.98 and a twelve month high of $194.05. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 13.94 and a beta of 1.33. The company has a quick ratio of 1.36, a current ratio of 2.68 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average price is $182.07 and its two-hundred day moving average price is $160.16.
Eagle Materials (NYSE:EXP – Get Free Report) last released its earnings results on Thursday, July 27th. The construction company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $3.54 by $0.01. Eagle Materials had a net margin of 21.82% and a return on equity of 40.68%. The business had revenue of $601.50 million during the quarter, compared to analysts’ expectations of $603.11 million. During the same period last year, the business earned $2.82 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Eagle Materials Inc. will post 13.89 earnings per share for the current fiscal year.
Eagle Materials Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Eagle Materials’s payout ratio is 7.63%.
About Eagle Materials
Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures.
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