Cipher Capital LP Purchases 7,935 Shares of Eagle Materials Inc (EXP)
Cipher Capital LP grew its position in shares of Eagle Materials Inc (NYSE:EXP) by 24.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,636 shares of the construction company’s stock after purchasing an additional 7,935 shares during the quarter. Cipher Capital LP owned approximately 0.08% of Eagle Materials worth $4,335,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of Eagle Materials by 474.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after purchasing an additional 949 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Eagle Materials by 8.3% during the 2nd 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. Pacad Investment Ltd. increased its holdings in shares of Eagle Materials by 116.7% during the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after purchasing an additional 700 shares in the last quarter. Global X Management Co. LLC increased its holdings in shares of Eagle Materials by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock valued at $142,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Eagle Materials by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after purchasing an additional 146 shares in the last quarter. 87.42% of the stock is owned by hedge funds and other institutional investors.
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Eagle Materials Inc (EXP) traded up $0.51 during trading hours on Friday, hitting $105.69. 496,937 shares of the stock traded hands, compared to its average volume of 575,052. The stock has a market cap of $5,020.00, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.58 and a beta of 1.28. 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 52-week low of $86.51 and a 52-week high of $110.98.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.22). The company had revenue of $376.30 million during the quarter, compared to analysts’ expectations of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. Eagle Materials’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. equities research analysts forecast that Eagle Materials Inc will post 5.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, December 21st. Eagle Materials’s payout ratio is presently 9.20%.
In related news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $101.40, for a total value of $507,000.00. Following the completion of the sale, the chief financial officer now owns 61,778 shares of the company’s stock, valued at approximately $6,264,289.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $1,589,423.19. Following the completion of the sale, the senior vice president now directly owns 51,973 shares of the company’s stock, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. In the last three months, insiders sold 79,999 shares of company stock valued at $8,060,190. 4.10% of the stock is owned by insiders.
Several equities analysts have recently weighed in on EXP shares. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. Standpoint Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. raised shares of 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 report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Hold” and an average price target 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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