State of Wisconsin Investment Board maintained its position in shares of Eagle Materials Inc (NYSE:EXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,345 shares of the construction company’s stock at the close of the second quarter. State of Wisconsin Investment Board’s holdings in Eagle Materials were worth $864,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Eagle Materials by 7.1% in the second quarter. Advisors Asset Management Inc. now owns 42,830 shares of the construction company’s stock worth $3,958,000 after buying an additional 2,828 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Eagle Materials by 3.3% during the second quarter. Teacher Retirement System of Texas now owns 3,930 shares of the construction company’s stock valued at $363,000 after purchasing an additional 127 shares in the last quarter. Arizona State Retirement System raised its stake in Eagle Materials by 2.0% during the second quarter. Arizona State Retirement System now owns 20,500 shares of the construction company’s stock valued at $1,895,000 after purchasing an additional 400 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Eagle Materials by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 232,864 shares of the construction company’s stock valued at $21,522,000 after purchasing an additional 7,192 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in Eagle Materials during the second quarter valued at $880,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and decreased their price target for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Finally, Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Eagle Materials has an average rating of “Hold” and an average target price of $107.00.
In other news, CEO David B. Powers sold 11,317 shares of Eagle Materials stock in a transaction on Monday, August 7th. The stock was sold at an average price of $93.57, for a total transaction of $1,058,931.69. Following the transaction, the chief executive officer now owns 106,580 shares in the company, valued at approximately $9,972,690.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William R. Devlin sold 16,469 shares of Eagle Materials stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total value of $1,589,423.19. Following the transaction, the senior vice president now owns 51,973 shares in the company, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. Insiders sold a total of 69,774 shares of company stock worth $6,798,741 in the last 90 days. 4.10% of the stock is currently owned by insiders.
Eagle Materials Inc (EXP) opened at 101.86 on Friday. The firm’s 50-day moving average is $93.93 and its 200-day moving average is $95.69. The company has a market cap of $4.94 billion, a PE ratio of 23.68 and a beta of 1.18. Eagle Materials Inc has a 52-week low of $73.27 and a 52-week high of $110.64.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. The company had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. On average, equities research analysts anticipate that Eagle Materials Inc will post $5.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s payout ratio is currently 9.30%.
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Eagle Materials Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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