Carillon Tower Advisers Inc. decreased its position in Eagle Materials, Inc. (NYSE:EXP) by 30.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 214,250 shares of the construction company’s stock after selling 95,275 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in Eagle Materials were worth $19,285,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. NEXT Financial Group Inc acquired a new position in Eagle Materials in the 2nd quarter valued at about $294,000. Chicago Equity Partners LLC acquired a new position in Eagle Materials in the 2nd quarter valued at about $1,307,000. Stanley Laman Group Ltd. raised its stake in Eagle Materials by 4.7% in the 2nd quarter. Stanley Laman Group Ltd. now owns 12,908 shares of the construction company’s stock valued at $1,197,000 after purchasing an additional 576 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Eagle Materials in the 2nd quarter valued at about $491,000. Finally, Advisory Services Network LLC raised its stake in Eagle Materials by 5.2% in the 2nd quarter. Advisory Services Network LLC now owns 3,000 shares of the construction company’s stock valued at $278,000 after purchasing an additional 149 shares during the last quarter. 97.87% of the stock is owned by hedge funds and other institutional investors.
NYSE EXP opened at $91.80 on Tuesday. Eagle Materials, Inc. has a 12 month low of $57.00 and a 12 month high of $97.10. The company has a 50-day moving average of $91.72 and a 200-day moving average of $88.17. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.50 and a quick ratio of 1.26. The company has a market cap of $3.83 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.42 and a beta of 1.28.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.18. Eagle Materials had a net margin of 3.07% and a return on equity of 18.87%. The company had revenue of $414.50 million during the quarter, compared to the consensus estimate of $380.38 million. During the same quarter in the prior year, the company posted $1.53 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Eagle Materials, Inc. will post 5.41 EPS for the current year.
In other news, insider Keith W. Metcalf sold 10,980 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $82.02, for a total transaction of $900,579.60. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, insider Keith W. Metcalf sold 5,761 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $95.00, for a total transaction of $547,295.00. Following the transaction, 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. Corporate insiders own 2.20% of the company’s stock.
Several brokerages recently weighed in on EXP. Northcoast Research raised shares of Eagle Materials from a “sell” rating to a “neutral” rating in a research note on Friday, September 20th. Stifel Nicolaus set a $101.00 target price on shares of Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, November 5th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the company from $106.00 to $92.00 in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Eagle Materials from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $97.17.
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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