State Board of Administration of Florida Retirement System Grows Position in Eagle Materials, Inc. (NYSE:EXP)

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State Board of Administration of Florida Retirement System increased its position in Eagle Materials, Inc. (NYSE:EXP) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,961 shares of the construction company’s stock after purchasing an additional 2,214 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Eagle Materials worth $5,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXP. Penserra Capital Management LLC bought a new position in Eagle Materials during the 1st quarter valued at approximately $31,000. Quadrant Capital Group LLC increased its position in Eagle Materials by 294.6% during the 1st quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock valued at $97,000 after buying an additional 881 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Eagle Materials during the 2nd quarter valued at approximately $174,000. Coldstream Capital Management Inc. bought a new position in Eagle Materials during the 1st quarter valued at approximately $207,000. Finally, World Asset Management Inc bought a new position in Eagle Materials during the 1st quarter valued at approximately $215,000. Institutional investors own 95.70% of the company’s stock.

Eagle Materials stock opened at $81.84 on Thursday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.55 and a beta of 1.28. The stock has a fifty day simple moving average of $84.24 and a two-hundred day simple moving average of $84.20. Eagle Materials, Inc. has a 12 month low of $57.00 and a 12 month high of $95.00. The company has a current ratio of 2.42, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.27). Eagle Materials had a return on equity of 17.21% and a net margin of 3.20%. The firm had revenue of $370.60 million during the quarter, compared to the consensus estimate of $376.95 million. During the same period in the previous year, the firm earned $1.38 EPS. The business’s revenue was down 5.9% on a year-over-year basis. On average, equities research analysts forecast that Eagle Materials, Inc. will post 5.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Thursday, October 3rd. Eagle Materials’s payout ratio is currently 7.92%.

In related news, Director Ed H. Bowman, Jr. sold 2,492 shares of Eagle Materials stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $84.52, for a total value of $210,623.84. Following the completion of the sale, the director now owns 16,386 shares of the company’s stock, valued at $1,384,944.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith W. Metcalf sold 10,980 shares of Eagle Materials stock in a transaction on Monday, August 5th. The stock was sold at an average price of $81.33, for a total value of $893,003.40. Following the completion of the sale, the insider now directly owns 58,087 shares of the company’s stock, valued at approximately $4,724,215.71. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

A number of research analysts recently weighed in on EXP shares. SunTrust Banks set a $95.00 price objective on Eagle Materials and gave the company a “buy” rating in a research report on Wednesday, July 31st. Northcoast Research lowered Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 price objective for the company. in a research report on Monday, July 1st. Zacks Investment Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. TheStreet lowered Eagle Materials from a “b” rating to a “c+” rating in a research report on Friday, May 17th. Finally, Raymond James lowered Eagle Materials from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Eagle Materials presently has a consensus rating of “Hold” and an average target price of $93.88.

Eagle Materials 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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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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