Dupont Capital Management Corp Has $4,159,000 Position in Eagle Materials Inc (EXP)
Dupont Capital Management Corp continued to hold its stake in shares of Eagle Materials Inc (NYSE:EXP) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 45,000 shares of the construction company’s stock at the end of the second quarter. Dupont Capital Management Corp’s holdings in Eagle Materials were worth $4,159,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in EXP. IFP Advisors Inc boosted its stake in shares of Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares during the period. Global X Management Co. LLC boosted its stake in shares of Eagle Materials by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after buying an additional 1,056 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares during the period. Oakbrook Investments LLC boosted its stake in shares of Eagle Materials by 7.6% in the second quarter. Oakbrook Investments LLC now owns 2,400 shares of the construction company’s stock worth $222,000 after buying an additional 170 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Eagle Materials by 14.8% in the first quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock worth $228,000 after buying an additional 302 shares during the period. 93.07% of the stock is owned by institutional investors.
Shares of Eagle Materials Inc (NYSE EXP) opened at 90.87 on Thursday. The firm’s 50-day moving average is $92.19 and its 200 day moving average is $97.11. Eagle Materials Inc has a 12 month low of $73.27 and a 12 month high of $110.64. The stock has a market cap of $4.41 billion, a PE ratio of 21.13 and a beta of 1.23.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The company had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities analysts predict that Eagle Materials Inc will post $5.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s dividend payout ratio (DPR) is presently 9.30%.
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A number of equities research analysts have recently issued reports on EXP shares. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research note on Thursday, June 1st. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their price objective for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Finally, Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. Eagle Materials currently has a consensus rating of “Hold” and a consensus target price of $104.67.
In related news, CEO David B. Powers sold 11,317 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $93.57, for a total value of $1,058,931.69. Following the completion of the sale, the chief executive officer now directly owns 106,580 shares of the company’s stock, valued at $9,972,690.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gerald J. Essl sold 2,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $93.40, for a total transaction of $186,800.00. Following the completion of the sale, the insider now directly owns 39,859 shares of the company’s stock, valued at $3,722,830.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,317 shares of company stock valued at $2,255,732. 4.10% of the stock is owned by insiders.
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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