RMB Capital Management LLC trimmed its stake in shares of Eagle Materials, Inc. (NYSE:EXP) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,550 shares of the construction company’s stock after selling 260 shares during the quarter. RMB Capital Management LLC owned 0.06% of Eagle Materials worth $1,803,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AMI Investment Management Inc. grew its stake in Eagle Materials by 0.8% during the 4th quarter. AMI Investment Management Inc. now owns 24,760 shares of the construction company’s stock worth $1,511,000 after purchasing an additional 190 shares in the last quarter. Cerebellum GP LLC boosted its position in shares of Eagle Materials by 10.4% during the 4th quarter. Cerebellum GP LLC now owns 2,373 shares of the construction company’s stock worth $145,000 after acquiring an additional 223 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Eagle Materials by 11.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,268 shares of the construction company’s stock worth $199,000 after acquiring an additional 329 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Eagle Materials by 8.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,533 shares of the construction company’s stock worth $337,000 after acquiring an additional 437 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Eagle Materials during the 4th quarter worth about $35,000. 94.82% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Ed H. Bowman, Jr. sold 2,591 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $71.35, for a total value of $184,867.85. Following the completion of the sale, the director now directly owns 12,977 shares of the company’s stock, valued at approximately $925,908.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.
Eagle Materials stock opened at $72.25 on Friday. Eagle Materials, Inc. has a fifty-two week low of $57.00 and a fifty-two week high of $115.75. The company has a quick ratio of 0.87, a current ratio of 2.26 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.50 billion, a PE ratio of 17.12, a PEG ratio of 1.99 and a beta of 1.33.
Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.06). Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The firm had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $357.08 million. During the same period in the previous year, the firm posted $2.08 earnings per share. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, equities research analysts expect that Eagle Materials, Inc. will post 5.1 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, April 11th. Eagle Materials’s payout ratio is currently 9.48%.
Several research analysts have recently issued reports on EXP shares. DA Davidson upped their price objective on Eagle Materials to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 2nd. Citigroup lowered their price objective on Eagle Materials from $111.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, January 3rd. Northcoast Research cut Eagle Materials from a “buy” rating to a “neutral” rating in a research report on Friday, January 25th. Zacks Investment Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Finally, ValuEngine raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $106.88.
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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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