M&G Plc Sells 2,069 Shares of Eagle Materials Inc. (NYSE:EXP)

M&G Plc reduced its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,965 shares of the construction company’s stock after selling 2,069 shares during the period. M&G Plc owned 0.10% of Eagle Materials worth $10,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Eagle Bay Advisors LLC raised its stake in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after acquiring an additional 42 shares in the last quarter. Arizona State Retirement System raised its position in shares of Eagle Materials by 0.6% in the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock valued at $2,097,000 after purchasing an additional 56 shares during the period. Bessemer Group Inc. lifted its stake in shares of Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Trivant Custom Portfolio Group LLC boosted its holdings in shares of Eagle Materials by 3.2% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company’s stock worth $744,000 after buying an additional 79 shares during the period. Finally, UMB Bank n.a. grew its stake in Eagle Materials by 0.5% in the 3rd quarter. UMB Bank n.a. now owns 15,405 shares of the construction company’s stock valued at $4,431,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Down 0.3 %

Shares of Eagle Materials stock opened at $311.87 on Friday. The company’s fifty day moving average price is $281.50 and its two-hundred day moving average price is $254.88. The firm has a market capitalization of $10.46 billion, a PE ratio of 22.02 and a beta of 1.32. Eagle Materials Inc. has a 52-week low of $164.15 and a 52-week high of $315.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $4.28 EPS. On average, analysts expect that Eagle Materials Inc. will post 15.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EXP shares. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Jefferies Financial Group raised their target price on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Stephens upped their price target on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Citigroup raised their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group upped their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Eagle Materials has a consensus rating of “Moderate Buy” and an average price target of $303.78.

Insider Buying and Selling

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.