Dimensional Fund Advisors LP reduced its position in Eagle Materials, Inc. (NYSE:EXP) by 33.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 416,025 shares of the company’s stock after selling 213,539 shares during the period. Dimensional Fund Advisors LP’s holdings in Eagle Materials were worth $40,992,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of EXP. Bank of New York Mellon Corp boosted its stake in Eagle Materials by 50.3% in the third quarter. Bank of New York Mellon Corp now owns 760,676 shares of the company’s stock worth $58,801,000 after buying an additional 254,436 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Eagle Materials by 51.8% in the third quarter. Victory Capital Management Inc. now owns 998,728 shares of the company’s stock worth $77,201,000 after buying an additional 340,817 shares during the last quarter. Aperio Group LLC boosted its stake in Eagle Materials by 1.1% in the third quarter. Aperio Group LLC now owns 7,060 shares of the company’s stock worth $546,000 after buying an additional 75 shares during the last quarter. First Trust Advisors LP boosted its stake in Eagle Materials by 99.9% in the third quarter. First Trust Advisors LP now owns 121,590 shares of the company’s stock worth $9,399,000 after buying an additional 60,760 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Eagle Materials by 17.5% in the third quarter. Wells Fargo & Company MN now owns 2,148,011 shares of the company’s stock worth $166,042,000 after buying an additional 319,513 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Eagle Materials, Inc. (NYSE:EXP) opened at 96.85 on Friday. The firm has a market cap of $4.69 billion, a PE ratio of 23.43 and a beta of 1.36. Eagle Materials, Inc. has a 52-week low of $68.00 and a 52-week high of $110.64. The stock has a 50 day moving average price of $102.68 and a 200-day moving average price of $93.15.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, January 24th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. Eagle Materials had a return on equity of 18.45% and a net margin of 16.98%. The company had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $304.87 million. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Eagle Materials, Inc. will post $4.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Thursday, April 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Tuesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is 9.64%.
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A number of analysts have recently weighed in on the company. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Tuesday, December 27th. Citigroup Inc cut Eagle Materials from a “buy” rating to a “neutral” rating in a research report on Monday, December 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Buy” and a consensus target price of $88.33.
In other Eagle Materials news, Director F William Barnett sold 19,454 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $107.19, for a total transaction of $2,085,274.26. Following the transaction, the director now directly owns 29,859 shares in the company, valued at $3,200,586.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David B. Powers sold 22,000 shares of the company’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $106.49, for a total value of $2,342,780.00. Following the transaction, the chief executive officer now owns 74,034 shares in the company, valued at $7,883,880.66. The disclosure for this sale can be found here. Insiders have sold 46,454 shares of company stock worth $4,953,054 over the last 90 days. 5.50% of the stock is owned by insiders.
About Eagle Materials
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.
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