RWC Asset Management LLP lifted its holdings in shares of Eagle Materials, Inc. (NYSE:EXP) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,400 shares of the construction company’s stock after buying an additional 37,448 shares during the quarter. Eagle Materials comprises approximately 1.6% of RWC Asset Management LLP’s investment portfolio, making the stock its 21st biggest holding. RWC Asset Management LLP owned about 1.00% of Eagle Materials worth $28,464,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc lifted its position in shares of Eagle Materials by 1.1% in the third quarter. Vanguard Group Inc now owns 4,133,226 shares of the construction company’s stock worth $352,316,000 after purchasing an additional 44,654 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Eagle Materials by 1.1% in the third quarter. Vanguard Group Inc. now owns 4,133,226 shares of the construction company’s stock worth $352,316,000 after purchasing an additional 44,654 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Eagle Materials by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 2,532,411 shares of the construction company’s stock worth $265,826,000 after purchasing an additional 273,645 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Eagle Materials by 83.5% in the third quarter. Wells Fargo & Company MN now owns 1,324,576 shares of the construction company’s stock worth $112,908,000 after purchasing an additional 602,571 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of Eagle Materials by 4,465.3% in the third quarter. Federated Investors Inc. PA now owns 721,461 shares of the construction company’s stock worth $61,497,000 after purchasing an additional 705,658 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.
EXP has been the topic of several analyst reports. Citigroup dropped their price target on shares of Eagle Materials from $122.00 to $111.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. ValuEngine lowered shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. TheStreet lowered shares of Eagle Materials from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Stephens set a $90.00 price target on shares of Eagle Materials and gave the stock a “buy” rating in a research report on Thursday, October 25th. Finally, DA Davidson upped their price target on shares of Eagle Materials to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Eagle Materials presently has a consensus rating of “Buy” and a consensus price target of $106.88.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.06). Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The business had revenue of $333.30 million during the quarter, compared to analyst estimates of $357.08 million. During the same quarter last year, the company posted $2.08 earnings per share. The company’s revenue was down 7.3% on a year-over-year basis. On average, analysts predict that Eagle Materials, Inc. will post 5.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $0.10 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.48%.
In related news, Director Ed H. Bowman, Jr. sold 2,591 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $71.35, for a total value of $184,867.85. Following the transaction, the director now directly owns 12,977 shares in the company, valued at $925,908.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.
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Eagle Materials Profile
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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