Eagle Materials Inc. (NYSE:EXP) shares purchased by National Asset Management Inc.

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National Asset Management Inc. raised its position in Eagle Materials Inc. (NYSE: EXPGet a rating) by 19.5% during the 1st quarter, according to its last filing with the Securities and Exchange Commission (SEC). The fund held 2,742 shares of the construction company after buying an additional 448 shares during the quarter. National Asset Management Inc.’s holdings in Eagle Materials were worth $354,000 when it last filed with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in Eagle Materials by 5.1% in the fourth quarter. Invesco Ltd. now owns 1,343,963 shares of the construction company valued at $223,714,000 after purchasing an additional 65,753 shares in the last quarter. Zurich Insurance Group SA FI increased its equity stake in Eagle Materials by 5.6% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 583,869 shares in the construction company worth $97,191,000 after acquiring 30,935 additional shares in the last quarter. Dimensional Fund Advisors LP increased its holdings of Eagle Materials shares by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 581,543 shares of the construction company worth $96,801,000 after acquiring 4,159 additional shares in the last quarter. JPMorgan Chase & Co. increased its stake in Eagle Materials shares by 453.5% in the fourth quarter. JPMorgan Chase & Co. now owns 540,436 shares of the construction company worth $89,961,000 after acquiring an additional 442,802 shares in the last quarter. Finally, GW&K Investment Management LLC increased its stake in Eagle Materials shares by 5.4% in the 4th quarter. GW&K Investment Management LLC now owns 433,111 shares of the construction company worth $72,095,000 after acquiring 22,071 additional shares in the last quarter. 96.87% of the shares are currently held by institutional investors and hedge funds.

Wall Street analysts predict growth

Several brokerages have recently commented on EXP. DA Davidson cut its price target on Eagle Materials shares from $160.00 to $145.00 and set a “neutral” rating on the stock in a Friday, May 20 report. JPMorgan Chase & Co. downgraded shares of Eagle Materials from an ‘overweight’ rating to a ‘neutral’ rating and lowered its price target for the stock from $165.00 to $130.00 in a report Wednesday, July 20. Stephens lowered his price target on Eagle Materials shares to $170.00 in a report on Tuesday. Goldman Sachs Group cut its price target on Eagle Materials shares from $190.00 to $162.00 and set a ‘buy’ rating on the stock in a Friday, May 20 research note . Finally, Raymond James cut his target price on Eagle Materials shares from $175.00 to $145.00 and placed a “hold” rating on the stock in a research note Tuesday. Five equity research analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat.com, Eagle Materials has a consensus rating of “Moderate Buy” and an average price target of $159.00.

Eagle Materials is trading up 2.1%

Shares of NYSE: EXP opened at $126.45 on Friday. Eagle Materials Inc. has a 52-week low of $105.34 and a 52-week high of $169.15. The company’s 50-day moving average is $119.61 and its two-hundred-day moving average is $129.00. The company has a current ratio of 2.13, a quick ratio of 0.99 and a debt ratio of 0.83. The company has a market capitalization of $4.82 billion, a PE ratio of 13.83 and a beta of 1.27.

Eagle materials (NYSE: EXPGet a rating) last reported quarterly earnings data on Thursday, May 19. The construction company reported EPS of $1.90 for the quarter, beating consensus analyst estimates of $1.74 by $0.16. Eagle Materials had a net margin of 20.10% and a return on equity of 30.51%. The company posted revenue of $413.10 million for the quarter, versus a consensus estimate of $400.68 million. During the same period a year earlier, the company posted EPS of $1.56. The company’s quarterly revenue increased by 20.3% compared to the same quarter last year. Stock analysts predict Eagle Materials Inc. will post earnings per share of 11.36 for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Investors of record on Thursday, June 16 received a dividend of $0.25. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Wednesday, June 15. Eagle Materials’ dividend payout ratio (DPR) is 10.94%.

Insider Activity at Eagle Materials

In related news, EVP James H. Graass sold 2,856 shares in a trade on Wednesday, June 1. The shares were sold at an average price of $131.02, for a total value of $374,193.12. Following the transaction, the executive vice president now directly owns 14,294 shares of the company, valued at approximately $1,872,799.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Separately, director Ed H. Bowman, Jr. sold 1,828 shares in a trade on Friday, June 17. The shares were sold at an average price of $110.15, for a total value of $201,354.20. As a result of the transaction, the administrator now directly owns 10,485 shares of the company, valued at approximately $1,154,922.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Additionally, Executive Vice Chairman James H. Graass sold 2,856 shares in a trade on Wednesday, June 1. The stock was sold at an average price of $131.02, for a total transaction of $374,193.12. Following the sale, the executive vice president now owns 14,294 shares of the company, valued at approximately $1,872,799.88. Disclosure of this sale can be found here. Insiders sold 17,776 shares of the company valued at $2,214,229 in the past ninety days. Insiders hold 1.60% of the shares of the company.

Eagle Materials Profile

(Get a rating)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy building materials and light building materials in the United States. It operates through the segments of cement, concrete and aggregates, gypsum board and recycled paperboard. The company is engaged in the extraction of limestone for the manufacture, production, distribution and sale of Portland cement; crushing and sale of slag; and the extraction of gypsum for the manufacture and sale of plasterboard used for finishing interior walls and ceilings in residential, commercial and industrial structures.

See also

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Institutional ownership by quarter for Eagle Materials (NYSE:EXP)



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