Aurora Investment Counsel purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,209 shares of the construction company’s stock, valued at approximately $2,063,000.
A number of other institutional investors have also recently added to or reduced their stakes in EXP. Skylands Capital LLC increased its position in shares of Eagle Materials by 58.6% in the 3rd quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock worth $9,347,000 after purchasing an additional 32,375 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eagle Materials by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock worth $40,925,000 after purchasing an additional 9,922 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Eagle Materials by 20.1% in the 2nd quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock worth $1,712,000 after purchasing an additional 3,103 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Eagle Materials by 9.6% in the 3rd quarter. Prudential Financial Inc. now owns 459,861 shares of the construction company’s stock worth $49,066,000 after purchasing an additional 40,150 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Eagle Materials by 25.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,183 shares of the construction company’s stock worth $1,218,000 after purchasing an additional 2,634 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.
Eagle Materials Inc (NYSE EXP) opened at $117.00 on Friday. Eagle Materials Inc has a fifty-two week low of $86.51 and a fifty-two week high of $118.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 0.94. The company has a market cap of $5,709.56, a PE ratio of 26.83, a PEG ratio of 2.96 and a beta of 1.29.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.
Several equities research analysts have recently weighed in on EXP shares. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Stifel Nicolaus boosted their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Standpoint Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Hold” and a consensus price target of $122.50.
In other Eagle Materials news, insider Gerald J. Essl sold 8,161 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $105.00, for a total transaction of $856,905.00. Following the completion of the transaction, the insider now directly owns 42,541 shares of the company’s stock, valued at approximately $4,466,805. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Haack sold 6,731 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $115.00, for a total transaction of $774,065.00. Following the transaction, the chief operating officer now directly owns 28,136 shares of the company’s stock, valued at $3,235,640. The disclosure for this sale can be found here. Insiders sold a total of 85,165 shares of company stock valued at $9,438,175 over the last ninety days. Company insiders own 4.10% of the company’s stock.
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Eagle Materials 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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