California State Teachers Retirement System decreased its holdings in Eagle Materials (NYSE:EXP) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,890 shares of the construction company’s stock after selling 2,520 shares during the period. California State Teachers Retirement System’s holdings in Eagle Materials were worth $7,408,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. MML Investors Services LLC purchased a new stake in shares of Eagle Materials in the 4th quarter valued at $215,000. Sciencast Management LP purchased a new stake in Eagle Materials during the 4th quarter valued at $224,000. Whittier Trust Co. of Nevada Inc. boosted its position in Eagle Materials by 61.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,958 shares of the construction company’s stock valued at $202,000 after buying an additional 744 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Eagle Materials during the 4th quarter valued at $232,000. Finally, GWM Advisors LLC purchased a new stake in Eagle Materials during the 1st quarter valued at $264,000. 93.14% of the stock is owned by institutional investors.
In other news, EVP James H. Graass sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $115.00, for a total value of $575,000.00. Following the completion of the sale, the executive vice president now directly owns 60,253 shares of the company’s stock, valued at approximately $6,929,095. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James H. Graass sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the completion of the sale, the executive vice president now directly owns 61,715 shares of the company’s stock, valued at $6,788,650. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,000 shares of company stock valued at $3,324,500. Corporate insiders own 4.10% of the company’s stock.
Shares of EXP opened at $104.97 on Friday. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 0.93 and a beta of 1.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.56 and a quick ratio of 1.12. Eagle Materials has a twelve month low of $86.51 and a twelve month high of $122.49.
Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, May 15th. The construction company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.26). Eagle Materials had a return on equity of 18.10% and a net margin of 18.51%. The company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $308.56 million. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts forecast that Eagle Materials will post 6.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, June 22nd will be given a $0.10 dividend. The ex-dividend date is Thursday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Eagle Materials’s dividend payout ratio is 9.48%.
EXP has been the subject of several analyst reports. Raymond James initiated coverage on shares of Eagle Materials in a research report on Tuesday, March 13th. They set a “market perform” rating for the company. Longbow Research raised shares of Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Friday, March 23rd. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, April 10th. Citigroup initiated coverage on shares of Eagle Materials in a research report on Tuesday, March 13th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Finally, Jefferies Financial Group initiated coverage on shares of Eagle Materials in a research report on Tuesday, April 17th. They set a “buy” rating and a $121.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Eagle Materials has an average rating of “Hold” and an average price target of $128.37.
About Eagle Materials
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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