The Eagle Materials Inc. (EXP) Stake Boosted by Vanguard Group Inc.

The Eagle Materials Inc. (EXP) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Eagle Materials Inc. (NYSE:EXP) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,422,665 shares of the company’s stock after buying an additional 40,857 shares during the period. Vanguard Group Inc. owned approximately 7.10% of Eagle Materials worth $264,058,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EXP. Principal Financial Group Inc. increased its position in shares of Eagle Materials by 10.7% in the second quarter. Principal Financial Group Inc. now owns 184,320 shares of the company’s stock worth $14,220,000 after buying an additional 17,826 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Eagle Materials by 394.4% in the second quarter. Prudential Financial Inc. now owns 310,817 shares of the company’s stock worth $23,979,000 after buying an additional 247,946 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Eagle Materials by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,979 shares of the company’s stock worth $538,000 after buying an additional 843 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Eagle Materials during the second quarter worth about $591,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Eagle Materials by 17.1% in the second quarter. UBS Asset Management Americas Inc. now owns 114,683 shares of the company’s stock worth $8,847,000 after buying an additional 16,720 shares during the last quarter. 91.67% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Inc. (NYSE:EXP) opened at 77.42 on Wednesday. The firm has a market cap of $3.73 billion, a P/E ratio of 23.99 and a beta of 1.47. Eagle Materials Inc. has a 12 month low of $45.03 and a 12 month high of $87.57. The firm has a 50 day moving average of $78.32 and a 200-day moving average of $77.65.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. Eagle Materials had a net margin of 13.85% and a return on equity of 17.68%. The company had revenue of $297 million for the quarter, compared to the consensus estimate of $295.49 million. During the same period last year, the firm posted $0.75 EPS. Eagle Materials’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that Eagle Materials Inc. will post $4.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, October 5th. Eagle Materials’s payout ratio is currently 12.35%.

A number of equities analysts have recently issued reports on the company. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a research report on Tuesday, October 4th. CL King raised Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 4th. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, DA Davidson set a $100.00 price objective on shares of Eagle Materials and gave the company a “buy” rating in a report on Tuesday, September 13th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $84.13.

In other Eagle Materials news, EVP Robert S. Stewart sold 12,098 shares of Eagle Materials stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $85.08, for a total transaction of $1,029,297.84. Following the completion of the transaction, the executive vice president now owns 66,779 shares in the company, valued at $5,681,557.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director F William Barnett sold 16,221 shares of Eagle Materials 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 of the company’s stock, valued at approximately $644,904.63. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

Eagle Materials Company Profile

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