Stevens Capital Management LP decreased its position in shares of Eagle Materials Inc (NYSE:EXP) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,919 shares of the construction company’s stock after selling 888 shares during the period. Stevens Capital Management LP owned 0.09% of Eagle Materials worth $4,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXP. BlackRock Inc. increased its position in Eagle Materials by 16,628.1% during the first quarter. BlackRock Inc. now owns 3,951,353 shares of the construction company’s stock worth $383,836,000 after buying an additional 3,927,732 shares during the period. Marshall Wace North America L.P. increased its position in Eagle Materials by 316.8% during the second quarter. Marshall Wace North America L.P. now owns 359,705 shares of the construction company’s stock worth $33,093,000 after buying an additional 273,405 shares during the period. JPMorgan Chase & Co. increased its position in Eagle Materials by 11.7% during the second quarter. JPMorgan Chase & Co. now owns 2,357,834 shares of the construction company’s stock worth $217,913,000 after buying an additional 247,169 shares during the period. OppenheimerFunds Inc. increased its position in Eagle Materials by 181.1% during the first quarter. OppenheimerFunds Inc. now owns 311,938 shares of the construction company’s stock worth $30,301,000 after buying an additional 200,952 shares during the period. Finally, Neuberger Berman Group LLC increased its position in Eagle Materials by 8.5% during the first quarter. Neuberger Berman Group LLC now owns 2,380,652 shares of the construction company’s stock worth $231,257,000 after buying an additional 186,557 shares during the period. 90.94% of the stock is currently owned by institutional investors.

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Several research firms have commented on EXP. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Tuesday, June 27th. BidaskClub lowered Eagle Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Citigroup Inc. raised Eagle Materials from a “neutral” rating to a “buy” rating and cut their price target for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. Finally, Stephens raised Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.00.

In related news, CEO David B. Powers sold 11,317 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 106,580 shares of the company’s stock, valued at approximately $9,972,690.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 61,778 shares in the company, valued at approximately $6,264,289.20. The disclosure for this sale can be found here. In the last three months, insiders sold 69,774 shares of company stock worth $6,798,741. Company insiders own 4.10% of the company’s stock.

Eagle Materials Inc (EXP) opened at 103.30 on Tuesday. The stock has a 50 day moving average price of $94.27 and a 200-day moving average price of $95.54. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 24.02 and a beta of 1.18. Eagle Materials Inc has a 12-month low of $73.27 and a 12-month high of $110.64.

Eagle Materials (NYSE:EXP) last announced 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 business had revenue of $366.10 million for the quarter, compared to the consensus estimate of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Equities analysts forecast that Eagle Materials Inc will post $5.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, October 5th. Eagle Materials’s dividend payout ratio (DPR) is 9.30%.

Eagle Materials Profile

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.

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

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