Perigon Wealth Management LLC lifted its position in shares of Eagle Materials Inc. (NYSE:EXP – Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,567 shares of the construction company’s stock after buying an additional 87 shares during the period. Perigon Wealth Management LLC’s holdings in Eagle Materials were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Eagle Materials during the 3rd quarter worth approximately $64,000. Quent Capital LLC increased its holdings in shares of Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after buying an additional 264 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock worth $176,000 after buying an additional 140 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of Eagle Materials by 23.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after buying an additional 120 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Eagle Materials by 789.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock worth $202,000 after buying an additional 624 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
Insider Activity
In other news, CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the transaction, the senior vice president now owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on EXP
Eagle Materials Stock Performance
NYSE:EXP opened at $254.51 on Thursday. The company has a fifty day simple moving average of $266.95 and a two-hundred day simple moving average of $269.75. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 17.97 and a beta of 1.37. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 52 week low of $211.44 and a 52 week high of $321.93.
Eagle Materials (NYSE:EXP – Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. As a group, equities analysts anticipate that Eagle Materials Inc. will post 15.11 earnings per share for the current fiscal year.
Eagle Materials Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s payout ratio is currently 7.06%.
About Eagle Materials
Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.
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