Fishman Jay A Ltd. MI cut its holdings in Eagle Materials, Inc. (NYSE:EXP) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,950 shares of the construction company’s stock after selling 190 shares during the period. Fishman Jay A Ltd. MI’s holdings in Eagle Materials were worth $806,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Transamerica Financial Advisors Inc. acquired a new position in Eagle Materials during the second quarter valued at approximately $71,000. Griffin Asset Management Inc. bought a new position in shares of Eagle Materials in the second quarter valued at approximately $166,000. NN Investment Partners Holdings N.V. bought a new position in shares of Eagle Materials in the second quarter valued at approximately $174,000. HM Payson & Co. bought a new position in shares of Eagle Materials in the second quarter valued at approximately $196,000. Finally, Verition Fund Management LLC bought a new position in shares of Eagle Materials in the second quarter valued at approximately $221,000. 97.87% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on EXP shares. SunTrust Banks set a $95.00 price objective on shares of Eagle Materials and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BNP Paribas assumed coverage on Eagle Materials in a research note on Wednesday, October 9th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their target price on Eagle Materials from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Exane BNP Paribas assumed coverage on Eagle Materials in a research note on Wednesday, October 9th. They issued an “outperform” rating and a $112.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $97.17.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.59 by $0.18. Eagle Materials had a return on equity of 18.87% and a net margin of 3.07%. The firm had revenue of $414.50 million for the quarter, compared to analyst estimates of $380.38 million. During the same period in the prior year, the company earned $1.53 EPS. The company’s revenue was up 8.7% on a year-over-year basis. On average, analysts forecast that Eagle Materials, Inc. will post 5.41 earnings per share for the current fiscal year.
In other news, insider Keith W. Metcalf sold 10,980 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $82.02, for a total value of $900,579.60. Following the completion of the sale, the insider now owns 58,087 shares of the company’s stock, valued at approximately $4,764,295.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Keith W. Metcalf sold 5,761 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $95.00, for a total value of $547,295.00. Following the completion of the sale, the insider now directly owns 41,600 shares of the company’s stock, valued at approximately $3,952,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,690 shares of company stock valued at $4,879,812. Insiders own 2.20% of the company’s stock.
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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