State of Tennessee Treasury Department Has $4,649,000 Holdings in Eagle Materials Inc (EXP)

State of Tennessee Treasury Department held its position in shares of Eagle Materials Inc (NYSE:EXP) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,300 shares of the construction company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned approximately 0.10% of Eagle Materials worth $4,649,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in Eagle Materials by 38.1% during the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares during the last quarter. Pacad Investment Ltd. raised its holdings in Eagle Materials by 116.7% during the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after buying an additional 700 shares during the last quarter. Global X Management Co. LLC raised its holdings in Eagle Materials by 220.0% during the second quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after buying an additional 1,056 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Eagle Materials by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after buying an additional 146 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in Eagle Materials by 2.5% during the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and lowered their target price for the company from $115.00 to $110.00 in a report on Monday, July 31st. Finally, BidaskClub downgraded shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $104.67.

Shares of Eagle Materials Inc (EXP) opened at 100.57 on Tuesday. The stock has a 50 day moving average of $92.71 and a 200 day moving average of $95.60. The stock has a market cap of $4.88 billion, a P/E ratio of 23.38 and a beta of 1.18. Eagle Materials Inc has a one year low of $73.27 and a one year high of $110.64.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. The firm had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. Eagle Materials’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, analysts forecast that Eagle Materials Inc will post $5.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, October 5th. Eagle Materials’s dividend payout ratio is presently 9.30%.

In other news, CEO David B. Powers sold 11,317 shares of Eagle Materials stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $93.57, for a total value of $1,058,931.69. Following the completion of the transaction, the chief executive officer now owns 106,580 shares of the company’s stock, valued at approximately $9,972,690.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total value of $507,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,778 shares of the company’s stock, valued at approximately $6,264,289.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,240 shares of company stock valued at $6,137,043. 4.10% of the stock is owned by insiders.

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About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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

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