Nomura Holdings Inc. lowered its position in Eagle Materials Inc. (NYSE:EXP) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 3,798 shares of the company’s stock after selling 2 shares during the period. Nomura Holdings Inc.’s holdings in Eagle Materials were worth $293,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Eagle Materials by 746.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,675 shares of the company’s stock worth $129,000 after buying an additional 1,477 shares during the period. M&T Bank Corp acquired a new position in Eagle Materials during the second quarter worth approximately $201,000. PNC Financial Services Group Inc. boosted its position in Eagle Materials by 181.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,739 shares of the company’s stock worth $212,000 after buying an additional 1,765 shares during the period. Advisor Group Inc. acquired a new position in Eagle Materials during the second quarter worth approximately $216,000. Finally, LS Investment Advisors LLC boosted its position in Eagle Materials by 70.3% in the second quarter. LS Investment Advisors LLC now owns 2,935 shares of the company’s stock worth $226,000 after buying an additional 1,212 shares during the period. 91.67% of the stock is owned by institutional investors.
Shares of Eagle Materials Inc. (NYSE:EXP) opened at 77.72 on Thursday. Eagle Materials Inc. has a 52-week low of $45.03 and a 52-week high of $87.57. The firm has a 50 day moving average price of $79.53 and a 200-day moving average price of $76.94. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 24.08 and a beta of 1.53.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Monday, July 25th. The company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The firm had revenue of $297 million for the quarter, compared to the consensus estimate of $295.49 million. Eagle Materials had a return on equity of 17.68% and a net margin of 13.85%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts anticipate that Eagle Materials Inc. will post $4.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. Eagle Materials’s dividend payout ratio is currently 12.35%.
A number of equities analysts have issued reports on the company. DA Davidson lowered their target price on Eagle Materials from $100.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. Zacks Investment Research cut Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 25th. Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Finally, CL King cut Eagle Materials from a “strong-buy” rating to a “neutral” rating in a report on Tuesday, July 26th. Five equities research 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 a consensus rating of “Buy” and a consensus target price of $84.13.
In related news, Director F William Barnett sold 16,221 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $85.77, for a total transaction of $1,391,275.17. Following the transaction, the director now owns 7,519 shares in the company, valued at approximately $644,904.63. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert S. Stewart sold 12,098 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $85.08, for a total value of $1,029,297.84. Following the transaction, the executive vice president now owns 66,779 shares in the company, valued at approximately $5,681,557.32. The disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.
Eagle Materials Company Profile
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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