California State Teachers Retirement System Has $7.18 Million Stock Holdings in Eagle Materials Inc $EXP

California State Teachers Retirement System boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,928 shares of the construction company’s stock after acquiring an additional 7,261 shares during the quarter. California State Teachers Retirement System’s holdings in Eagle Materials were worth $7,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Fifth Third Bancorp raised its stake in shares of Eagle Materials by 5,116.3% in the first quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock valued at $4,852,000 after acquiring an additional 25,121 shares during the last quarter. Cambiar Investors LLC bought a new position in shares of Eagle Materials in the 4th quarter worth $1,321,000. Sprucegrove Investment Management Ltd. increased its stake in Eagle Materials by 1,671.4% in the fourth quarter. Sprucegrove Investment Management Ltd. now owns 12,400 shares of the construction company’s stock valued at $2,563,000 after purchasing an additional 11,700 shares in the last quarter. Black Creek Investment Management Inc. acquired a new position in Eagle Materials in the fourth quarter valued at about $103,778,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Materials by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock valued at $118,846,000 after buying an additional 16,782 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EXP. Royal Bank Of Canada increased their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. Stephens upped their price target on shares of Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Citigroup boosted their target price on shares of Eagle Materials from $217.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company decreased their target price on shares of Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Zacks Research lowered shares of Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $223.44.

Eagle Materials Price Performance

Shares of EXP opened at $218.26 on Thursday. The stock has a market cap of $6.69 billion, a P/E ratio of 17.25 and a beta of 1.38. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $245.53. The business’s fifty day moving average is $215.73 and its 200 day moving average is $210.20.

Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The company had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. During the same quarter in the prior year, the business earned $3.76 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio is presently 7.91%.

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.