Fox Run Management L.L.C. Purchases New Stake in Eagle Materials Inc $EXP

Fox Run Management L.L.C. acquired a new stake in shares of Eagle Materials Inc (NYSE:EXP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,602 shares of the construction company’s stock, valued at approximately $728,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its position in Eagle Materials by 7,750.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares during the period. SVB Wealth LLC bought a new stake in Eagle Materials in the first quarter valued at $41,000. Caitong International Asset Management Co. Ltd grew its position in shares of Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after buying an additional 326 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock worth $103,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Up 0.4%

Shares of NYSE EXP opened at $206.47 on Monday. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The business has a 50 day simple moving average of $229.85 and a 200 day simple moving average of $222.61. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 15.20 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $638.91 million during the quarter, compared to the consensus estimate of $635.55 million. During the same period in the previous year, the business posted $4.31 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director David E. Rush acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the completion of the purchase, the director owned 4,173 shares of the company’s stock, valued at approximately $868,317.84. This trade represents a 31.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

EXP has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research note on Wednesday, October 8th. Zacks Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating and issued a $226.00 target price on shares of Eagle Materials in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their price objective on Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Finally, Citigroup lowered their target price on Eagle Materials from $255.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.