Cim LLC Has $943,000 Stake in Eagle Materials, Inc. (EXP)
Cim LLC increased its stake in Eagle Materials, Inc. (NYSE:EXP) by 4.0% during the first quarter, Holdings Channel reports. The fund owned 9,711 shares of the construction company’s stock after buying an additional 377 shares during the period. Cim LLC’s holdings in Eagle Materials were worth $943,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC raised its stake in shares of Eagle Materials by 180.0% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the construction company’s stock valued at $108,000 after buying an additional 900 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Eagle Materials by 1.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,699 shares of the construction company’s stock valued at $132,000 after buying an additional 24 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock valued at $133,000 after buying an additional 113 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Eagle Materials by 4.8% in the third quarter. Advisor Group Inc. now owns 2,957 shares of the construction company’s stock valued at $195,000 after buying an additional 136 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Eagle Materials by 9,753.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 198,045 shares of the construction company’s stock valued at $198,000 after buying an additional 196,035 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.
Shares of Eagle Materials, Inc. (NYSE:EXP) traded down 0.87% during midday trading on Tuesday, hitting $93.88. 99,772 shares of the stock traded hands. Eagle Materials, Inc. has a 52 week low of $71.01 and a 52 week high of $110.64. The company’s 50-day moving average is $98.56 and its 200 day moving average is $95.64. The firm has a market capitalization of $4.54 billion, a PE ratio of 22.71 and a beta of 1.36.
Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, January 24th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.03. The firm had revenue of $302.40 million for the quarter, compared to the consensus estimate of $304.87 million. Eagle Materials had a net margin of 16.98% and a return on equity of 18.45%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Analysts anticipate that Eagle Materials, Inc. will post $4.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Thursday, April 13th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, April 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Eagle Materials’s dividend payout ratio is presently 9.64%.
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Separately, Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research note on Tuesday, December 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $98.00.
In other news, insider Gerald J. Essl sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $105.00, for a total value of $525,000.00. Following the transaction, the insider now owns 37,529 shares in the company, valued at $3,940,545. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David B. Powers sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $106.49, for a total transaction of $2,342,780.00. Following the completion of the transaction, the chief executive officer now owns 74,034 shares in the company, valued at approximately $7,883,880.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,454 shares of company stock worth $4,953,054. Insiders own 5.50% of the company’s stock.
About Eagle Materials
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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