Eagle Materials Inc (EXP) Stake Decreased by First Trust Advisors LP

First Trust Advisors LP lessened its position in shares of Eagle Materials Inc (NYSE:EXP) by 85.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,556 shares of the construction company’s stock after selling 52,025 shares during the period. First Trust Advisors LP’s holdings in Eagle Materials were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of EXP. Bank of Montreal Can lifted its holdings in shares of Eagle Materials by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after acquiring an additional 17 shares during the period. Aperio Group LLC lifted its stake in Eagle Materials by 3.7% in the 2nd quarter. Aperio Group LLC now owns 11,452 shares of the construction company’s stock valued at $1,058,000 after purchasing an additional 407 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Eagle Materials by 1.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,467 shares of the construction company’s stock valued at $1,245,000 after purchasing an additional 219 shares during the last quarter. NGAM Advisors L.P. lifted its stake in Eagle Materials by 1.4% in the 2nd quarter. NGAM Advisors L.P. now owns 26,162 shares of the construction company’s stock valued at $2,418,000 after purchasing an additional 365 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Eagle Materials by 10.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock valued at $1,067,000 after purchasing an additional 1,052 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

Shares of Eagle Materials Inc (NYSE:EXP) traded down $2.14 during trading hours on Wednesday, reaching $111.30. 400,500 shares of the company traded hands, compared to its average volume of 570,583. The company has a market cap of $5,410.00, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 2.83 and a beta of 1.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02. Eagle Materials Inc has a fifty-two week low of $86.51 and a fifty-two week high of $114.96.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). The company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. Eagle Materials’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. equities analysts predict that Eagle Materials Inc will post 5.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s payout ratio is 9.20%.

In other Eagle Materials news, EVP Robert S. Stewart sold 6,534 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $101.27, for a total value of $661,698.18. Following the completion of the transaction, the executive vice president now directly owns 66,037 shares in the company, valued at approximately $6,687,566.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gerald J. Essl sold 8,161 shares of the company’s stock in a transaction that occurred on 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 owns 42,541 shares of the company’s stock, valued at $4,466,805. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,968 shares of company stock valued at $8,188,108. Corporate insiders own 4.10% of the company’s stock.

Several brokerages recently commented on EXP. Stifel Nicolaus increased their price objective on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. Finally, Standpoint Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $122.50.

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Eagle Materials Company 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.

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

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