Texas Permanent School Fund trimmed its position in Eagle Materials, Inc. (NYSE:EXP) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,602 shares of the construction company’s stock after selling 1,340 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Eagle Materials worth $2,574,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in EXP. Transamerica Financial Advisors Inc. acquired a new stake in Eagle Materials during the 2nd quarter worth $71,000. Griffin Asset Management Inc. acquired a new stake in Eagle Materials during the 2nd quarter worth $166,000. NN Investment Partners Holdings N.V. acquired a new stake in Eagle Materials during the 2nd quarter worth $174,000. HM Payson & Co. acquired a new stake in Eagle Materials during the 2nd quarter worth $196,000. Finally, Verition Fund Management LLC acquired a new stake in Eagle Materials during the 2nd quarter worth $221,000. Institutional investors and hedge funds own 97.87% of the company’s stock.
Several equities research analysts recently commented on the stock. DA Davidson lifted their price target on shares of Eagle Materials to $94.00 and gave the stock a “neutral” rating in a research note on Monday. Raymond James lowered shares of Eagle Materials from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price objective on shares of Eagle Materials from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Tuesday. Finally, SunTrust Banks set a $95.00 price objective on shares of Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $97.17.
NYSE EXP opened at $93.24 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.26 and a current ratio of 2.50. The firm has a market cap of $3.87 billion, a PE ratio of 18.46, a P/E/G ratio of 1.43 and a beta of 1.28. Eagle Materials, Inc. has a one year low of $57.00 and a one year high of $97.10. The firm’s fifty day moving average is $91.65 and its two-hundred day moving average is $88.14.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.18. The company had revenue of $414.50 million for the quarter, compared to analyst estimates of $380.38 million. Eagle Materials had a net margin of 3.07% and a return on equity of 18.87%. Eagle Materials’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 earnings per share. Research analysts predict that Eagle Materials, Inc. will post 5.41 earnings per share for the current year.
In other news, Director David B. Powers sold 20,000 shares of Eagle Materials stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $85.00, for a total value of $1,700,000.00. Following the sale, the director now owns 86,840 shares of the company’s stock, valued at $7,381,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Keith W. Metcalf sold 3,661 shares of Eagle Materials stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.00, for a total transaction of $329,490.00. Following the completion of the sale, the insider now directly owns 43,446 shares in the company, valued at approximately $3,910,140. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,690 shares of company stock worth $4,879,812. Insiders own 2.20% of the company’s stock.
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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