Hsbc Holdings PLC lifted its stake in Eagle Materials, Inc. (NYSE:EXP) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 51,090 shares of the construction company’s stock after buying an additional 1,660 shares during the quarter. Hsbc Holdings PLC’s holdings in Eagle Materials were worth $3,118,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Teachers Advisors LLC increased its stake in shares of Eagle Materials by 23.0% in the 3rd quarter. Teachers Advisors LLC now owns 72,951 shares of the construction company’s stock worth $6,218,000 after acquiring an additional 13,643 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Eagle Materials by 12.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 466,996 shares of the construction company’s stock worth $39,806,000 after acquiring an additional 52,527 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Eagle Materials by 616.4% in the 3rd quarter. First Trust Advisors LP now owns 66,867 shares of the construction company’s stock worth $5,700,000 after acquiring an additional 57,533 shares in the last quarter. Stevens Capital Management LP increased its stake in shares of Eagle Materials by 28.4% in the 3rd quarter. Stevens Capital Management LP now owns 32,979 shares of the construction company’s stock worth $2,811,000 after acquiring an additional 7,299 shares in the last quarter. Finally, Sprucegrove Investment Management Ltd. increased its stake in shares of Eagle Materials by 8.1% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 204,000 shares of the construction company’s stock worth $12,450,000 after acquiring an additional 15,200 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on EXP. Citigroup decreased their price target on shares of Eagle Materials from $111.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, January 3rd. Zacks Investment Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Jefferies Financial Group upgraded shares of Eagle Materials from an “underweight” rating to a “market weight” rating in a research note on Monday, March 11th. Northcoast Research lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating in a research note on Friday, January 25th. Finally, DA Davidson increased their price target on shares of Eagle Materials to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $106.88.
NYSE:EXP opened at $72.25 on Monday. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.99 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.26 and a quick ratio of 0.87. Eagle Materials, Inc. has a fifty-two week low of $57.00 and a fifty-two week high of $115.75.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, January 29th. The construction company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.06). The firm had revenue of $333.30 million for the quarter, compared to the consensus estimate of $357.08 million. Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.08 earnings per share. Equities research analysts expect that Eagle Materials, Inc. will post 5.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, April 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. Eagle Materials’s dividend payout ratio is currently 9.48%.
In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 2,591 shares of the firm’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $71.35, for a total transaction of $184,867.85. Following the completion of the sale, the director now directly owns 12,977 shares in the company, valued at approximately $925,908.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.
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About Eagle Materials
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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