Eagle Materials Inc $EXP Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Eagle Materials Inc (NYSE:EXP) by 87.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 768 shares of the construction company’s stock after selling 5,233 shares during the period. Strs Ohio’s holdings in Eagle Materials were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Focus Partners Wealth grew its position in shares of Eagle Materials by 21.5% in the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after purchasing an additional 357 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Eagle Materials by 15.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,772 shares of the construction company’s stock valued at $379,000 after buying an additional 232 shares in the last quarter. HB Wealth Management LLC grew its holdings in Eagle Materials by 19.4% during the 2nd quarter. HB Wealth Management LLC now owns 1,118 shares of the construction company’s stock valued at $226,000 after buying an additional 182 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Eagle Materials by 6.3% during the 2nd quarter. QRG Capital Management Inc. now owns 1,150 shares of the construction company’s stock valued at $232,000 after buying an additional 68 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in Eagle Materials by 4.6% during the second quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the construction company’s stock worth $1,376,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP opened at $219.28 on Wednesday. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $262.81. The company’s 50 day simple moving average is $220.46 and its 200 day simple moving average is $224.08. The stock has a market capitalization of $6.89 billion, a PE ratio of 16.60 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The company had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. During the same period in the prior year, the business earned $3.59 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Eagle Materials’s payout ratio is 7.57%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EXP shares. Stifel Nicolaus set a $246.00 price objective on Eagle Materials in a research note on Monday, October 27th. Stephens restated an “equal weight” rating and issued a $245.00 target price on shares of Eagle Materials in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $231.90.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.