Fox Run Management L.L.C. Takes $728,000 Position in Eagle Materials Inc $EXP

Fox Run Management L.L.C. bought a new position in Eagle Materials Inc (NYSE:EXP) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,602 shares of the construction company’s stock, valued at approximately $728,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Eagle Materials by 18.8% during the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock worth $475,068,000 after purchasing an additional 339,089 shares in the last quarter. Baupost Group LLC MA raised its position in Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock worth $201,875,000 after purchasing an additional 271,410 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Eagle Materials by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock worth $153,607,000 after buying an additional 28,559 shares in the last quarter. William Blair Investment Management LLC boosted its position in Eagle Materials by 57.2% in the 2nd quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock valued at $123,640,000 after buying an additional 222,537 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Eagle Materials by 10.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company’s stock worth $127,876,000 after purchasing an additional 54,324 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Up 0.4%

Eagle Materials stock opened at $206.47 on Monday. The company’s 50-day moving average price is $229.85 and its two-hundred day moving average price is $222.61. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.62 billion, a P/E ratio of 15.20 and a beta of 1.31. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). The company had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.31 EPS. As a group, analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Insider Activity

In other Eagle Materials news, Director David E. Rush acquired 1,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average price of $208.08 per share, with a total value of $208,080.00. Following the completion of the purchase, the director directly owned 4,173 shares in the company, valued at $868,317.84. This trade represents a 31.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Loop Capital upped their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. DA Davidson dropped their price objective on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Stifel Nicolaus set a $246.00 target price on Eagle Materials in a report on Monday, October 27th. Wells Fargo & Company decreased their target price on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $244.80.

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.