Latest Stocks: LS Investment Advisors LLC Purchases 690 Shares of Eagle Materials, Inc. (EXP)

Latest Stocks: LS Investment Advisors LLC Purchases 690 Shares of Eagle Materials, Inc. (EXP)

LS Investment Advisors LLC raised its position in shares of Eagle Materials, Inc. (NYSE:EXP) by 20.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,999 shares of the construction company’s stock after buying an additional 690 shares during the period. LS Investment Advisors LLC’s holdings in Eagle Materials were worth $388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. IFP Advisors Inc raised its position in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock valued at $106,000 after buying an additional 301 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock worth $133,000 after buying an additional 113 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Eagle Materials by 180.0% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the construction company’s stock worth $108,000 after buying an additional 900 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Eagle Materials during the fourth quarter worth about $218,000. Finally, Marshall Wace LLP bought a new stake in shares of Eagle Materials during the fourth quarter worth about $219,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials, Inc. (EXP) opened at 96.54 on Tuesday. The stock’s 50 day moving average is $97.37 and its 200 day moving average is $99.55. The firm has a market cap of $4.69 billion, a P/E ratio of 23.55 and a beta of 1.36. Eagle Materials, Inc. has a 12-month low of $71.24 and a 12-month high of $110.64.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $278.60 million during the quarter, compared to analyst estimates of $271.18 million. Eagle Materials had a return on equity of 18.45% and a net margin of 16.98%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. On average, equities research analysts expect that Eagle Materials, Inc. will post $5.40 EPS for the current year. The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Wednesday, June 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Monday, June 19th. Eagle Materials’s payout ratio is currently 9.64%.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $278.60 million during the quarter, compared to analyst estimates of $271.18 million. Eagle Materials had a return on equity of 18.45% and a net margin of 16.98%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. On average, equities research analysts expect that Eagle Materials, Inc. will post $5.40 EPS for the current year. Several analysts recently weighed in on EXP shares. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Thursday, May 11th. Stephens upgraded Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $103.00.

In other news, CEO David B. Powers sold 11,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the completion of the sale, the chief executive officer now directly owns 73,400 shares of the company’s stock, valued at approximately $7,268,802. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James H. Graass sold 10,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $101.00, for a total value of $1,010,000.00. Following the sale, the executive vice president now directly owns 69,653 shares of the company’s stock, valued at $7,034,953. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock. About Eagle Materials

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