Fishman Jay A Ltd. MI Sells 190 Shares of Eagle Materials, Inc. (NYSE:EXP)

Fishman Jay A Ltd. MI decreased its holdings in Eagle Materials, Inc. (NYSE:EXP) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors have also bought and sold shares of EXP. First Trust Advisors LP lifted its position in Eagle Materials by 8.6% during the 1st quarter. First Trust Advisors LP now owns 57,097 shares of the construction company’s stock valued at $4,813,000 after purchasing an additional 4,501 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in Eagle Materials by 4,574.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,872 shares of the construction company’s stock valued at $6,143,000 after purchasing an additional 71,313 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Eagle Materials by 1,554.3% during the 2nd quarter. WINTON GROUP Ltd now owns 128,293 shares of the construction company’s stock valued at $11,893,000 after purchasing an additional 120,538 shares in the last quarter. Scout Investments Inc. grew its holdings in Eagle Materials by 356.4% during the 2nd quarter. Scout Investments Inc. now owns 452,290 shares of the construction company’s stock valued at $41,927,000 after purchasing an additional 353,180 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Eagle Materials during the 2nd quarter valued at $174,000. 97.87% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus set a $101.00 target price on shares of Eagle Materials and gave the stock a “buy” rating in a research report on Wednesday, July 31st. SunTrust Banks set a $95.00 target price 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 shares of Eagle Materials in a research report on Wednesday, October 9th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $106.00 to $92.00 in a research report on Thursday, July 18th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $97.17.

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Eagle Materials stock traded down $1.23 on Friday, hitting $92.01. The company’s stock had a trading volume of 264,987 shares, compared to its average volume of 577,320. The firm has a market cap of $3.87 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The company has a quick ratio of 1.26, a current ratio of 2.50 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $91.67 and a 200-day moving average price of $88.15. Eagle Materials, Inc. has a one year low of $57.00 and a one year high of $97.10.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.18. The firm had revenue of $414.50 million for the quarter, compared to analyst estimates of $380.38 million. Eagle Materials had a net margin of 3.07% and a return on equity of 18.87%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 EPS. Analysts anticipate that Eagle Materials, Inc. will post 5.41 EPS for the current year.

In other Eagle Materials news, insider Keith W. Metcalf sold 10,980 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $82.02, for a total value of $900,579.60. Following the sale, the insider now owns 58,087 shares of the company’s stock, valued at approximately $4,764,295.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Powers sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the director now directly owns 86,840 shares in the company, valued at approximately $7,381,400. The disclosure for this sale can be found here. Insiders sold a total of 55,690 shares of company stock worth $4,879,812 in the last three months. Insiders own 2.20% of the company’s stock.

About Eagle Materials

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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