Coldstream Capital Management Inc. trimmed its position in Eagle Materials Inc (NYSE:EXP) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,210 shares of the construction company’s stock after selling 55 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Eagle Materials were worth $204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of Eagle Materials by 0.3% in the second quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock valued at $583,000 after purchasing an additional 17 shares in the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Eagle Materials by 1.0% in the second quarter. Greenwood Capital Associates LLC now owns 2,456 shares of the construction company’s stock valued at $227,000 after purchasing an additional 25 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Eagle Materials by 1.6% in the first quarter. Teacher Retirement System of Texas now owns 3,803 shares of the construction company’s stock valued at $369,000 after purchasing an additional 61 shares in the last quarter. World Asset Management Inc raised its stake in shares of Eagle Materials by 2.7% in the second quarter. World Asset Management Inc now owns 3,480 shares of the construction company’s stock valued at $322,000 after purchasing an additional 90 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Eagle Materials by 8.3% in the second quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock valued at $109,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.02% of the company’s stock.

Shares of Eagle Materials Inc (NYSE EXP) traded up 0.37% on Thursday, hitting $107.96. The company had a trading volume of 54,674 shares. Eagle Materials Inc has a 12-month low of $73.83 and a 12-month high of $110.64. The firm has a 50-day moving average price of $101.76 and a 200 day moving average price of $96.42. The company has a market capitalization of $5.24 billion, a P/E ratio of 25.10 and a beta of 1.17.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The business had revenue of $366.10 million during the quarter, compared to the consensus estimate of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Equities analysts expect that Eagle Materials Inc will post $5.43 EPS for the current year.

The company also recently declared 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. The ex-dividend date is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.37%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.30%.

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In related news, SVP William R. Devlin sold 16,469 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total value of $1,589,423.19. Following the completion of the sale, the senior vice president now directly owns 51,973 shares in the company, valued at approximately $5,015,914.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerald J. Essl sold 2,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $93.40, for a total value of $186,800.00. Following the completion of the sale, the insider now owns 39,859 shares of the company’s stock, valued at $3,722,830.60. The disclosure for this sale can be found here. Insiders sold a total of 69,774 shares of company stock valued at $6,798,741 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

A number of brokerages recently commented on EXP. Zacks Investment Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and cut their target price for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Finally, BidaskClub lowered Eagle Materials from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Eagle Materials currently has a consensus rating of “Hold” and an average target price of $110.00.

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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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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