Teachers Retirement System of The State of Kentucky trimmed its position in shares of Eagle Materials, Inc. (NYSE:EXP) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,324 shares of the construction company’s stock after selling 1,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Eagle Materials were worth $710,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of EXP. Wells Fargo & Company MN grew its holdings in Eagle Materials by 83.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,324,576 shares of the construction company’s stock valued at $112,908,000 after purchasing an additional 602,571 shares during the last quarter. Maplelane Capital LLC bought a new position in Eagle Materials during the 2nd quarter valued at about $40,868,000. Bank of New York Mellon Corp grew its holdings in Eagle Materials by 12.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,532,411 shares of the construction company’s stock valued at $265,826,000 after purchasing an additional 273,645 shares during the last quarter. Wafra Inc. bought a new position in Eagle Materials during the 2nd quarter valued at about $12,672,000. Finally, Dalton Greiner Hartman Maher & Co. bought a new position in Eagle Materials during the 3rd quarter valued at about $8,196,000. Institutional investors own 92.85% of the company’s stock.
EXP has been the topic of several analyst reports. Stephens reiterated a “buy” rating and set a $124.00 price target on shares of Eagle Materials in a report on Thursday, August 9th. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 14th. ValuEngine cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Macquarie assumed coverage on shares of Eagle Materials in a research report on Wednesday, September 26th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price objective on shares of Eagle Materials in a research report on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $113.86.
Eagle Materials stock opened at $67.40 on Wednesday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.83 and a quick ratio of 1.28. Eagle Materials, Inc. has a 1 year low of $64.95 and a 1 year high of $122.49.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.15). The company had revenue of $381.50 million during the quarter, compared to analysts’ expectations of $401.04 million. Eagle Materials had a net margin of 19.54% and a return on equity of 19.03%. Eagle Materials’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.31 earnings per share. As a group, research analysts expect that Eagle Materials, Inc. will post 5.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Stockholders of record on Friday, December 21st will be given a $0.10 dividend. The ex-dividend date is Thursday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.59%. Eagle Materials’s payout ratio is presently 9.48%.
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Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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