King Luther Capital Management Corp Sells 4,372 Shares of Eagle Materials Inc $EXP

King Luther Capital Management Corp trimmed its stake in shares of Eagle Materials Inc (NYSE:EXP) by 12.5% during the second quarter, Holdings Channel reports. The firm owned 30,691 shares of the construction company’s stock after selling 4,372 shares during the period. King Luther Capital Management Corp’s holdings in Eagle Materials were worth $6,203,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 339,089 shares in the last quarter. Baupost Group LLC MA grew its stake in Eagle Materials by 42.5% during the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock worth $201,875,000 after buying an additional 271,410 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Eagle Materials by 4.0% during the second 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 raised its stake in shares of Eagle Materials by 57.2% in the second quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock valued at $123,640,000 after acquiring an additional 222,537 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Materials by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company’s stock worth $127,876,000 after acquiring an additional 54,324 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.4%

Shares of NYSE EXP opened at $206.47 on Monday. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.62 billion, a PE ratio of 15.20 and a beta of 1.31. The firm’s 50-day moving average is $229.85 and its 200-day moving average is $222.61. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93.

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

Insider Activity

In related news, Director David E. Rush acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost 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 approximately $868,317.84. This trade represents a 31.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EXP shares. Loop Capital lifted their price objective on Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Stifel Nicolaus set a $246.00 target price on shares of Eagle Materials in a research note on Monday, October 27th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $226.00 price target on shares of Eagle Materials in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently 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.