Neuburgh Advisers LLC reduced its stake in shares of Eagle Materials (NYSE:EXP) by 20.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,888 shares of the construction company’s stock after selling 1,972 shares during the period. Neuburgh Advisers LLC’s holdings in Eagle Materials were worth $813,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Eagle Materials by 4.8% during the 4th quarter. BlackRock Inc. now owns 4,247,685 shares of the construction company’s stock worth $481,262,000 after purchasing an additional 193,260 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Eagle Materials by 77.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,851,844 shares of the construction company’s stock worth $209,813,000 after purchasing an additional 805,668 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in Eagle Materials by 0.7% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,209,357 shares of the construction company’s stock worth $124,624,000 after purchasing an additional 8,825 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Eagle Materials by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 690,719 shares of the construction company’s stock worth $71,179,000 after purchasing an additional 56,734 shares in the last quarter. Finally, Hermes Investment Management Ltd. increased its holdings in Eagle Materials by 2.6% during the 4th quarter. Hermes Investment Management Ltd. now owns 590,404 shares of the construction company’s stock worth $66,893,000 after purchasing an additional 14,788 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP James H. Graass sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the transaction, the executive vice president now owns 61,715 shares in the company, valued at approximately $6,788,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.10% of the stock is owned by insiders.
Shares of NYSE EXP opened at $109.41 on Friday. Eagle Materials has a twelve month low of $86.51 and a twelve month high of $122.49. The company has a market capitalization of $5.32 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The company has a current ratio of 2.56, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44.
Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, May 15th. The construction company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.26). Eagle Materials had a return on equity of 18.10% and a net margin of 18.51%. The business had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $308.56 million. During the same quarter in the previous year, the firm earned $0.88 EPS. Eagle Materials’s quarterly revenue was up 2.2% on a year-over-year basis. analysts forecast that Eagle Materials will post 6.37 EPS for the current fiscal year.
EXP has been the subject of a number of recent research reports. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Citigroup boosted their price objective on Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus cut their target price on Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Jefferies Group started coverage on Eagle Materials in a research note on Tuesday, April 17th. They issued a “buy” rating and a $121.00 target price on the stock. Finally, Longbow Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a research note on Friday, March 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $130.33.
Eagle Materials Company Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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