Envestnet Asset Management Inc. Has $13.99 Million Stake in Eagle Materials Inc $EXP

Envestnet Asset Management Inc. lowered its position in Eagle Materials Inc (NYSE:EXP) by 25.0% in the second quarter, HoldingsChannel.com reports. The fund owned 69,205 shares of the construction company’s stock after selling 23,123 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Eagle Materials were worth $13,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SVB Wealth LLC bought a new stake in Eagle Materials during the 1st quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd boosted its stake in Eagle Materials by 62.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Assetmark Inc. grew 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 worth $87,000 after purchasing an additional 326 shares during the last quarter. Signaturefd LLC increased its stake in shares of Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock valued at $103,000 after buying an additional 131 shares in the last quarter. Finally, Transce3nd LLC increased its stake in shares of Eagle Materials by 9.7% in the first quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock valued at $122,000 after buying an additional 49 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Eagle Materials

In related news, Director David E. Rush purchased 1,000 shares of Eagle Materials 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 transaction, the director directly owned 4,173 shares of the company’s stock, valued at approximately $868,317.84. This trade represents a 31.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Eagle Materials Stock Up 0.4%

Shares of NYSE EXP opened at $206.47 on Friday. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The firm’s 50-day moving average is $229.85 and its 200-day moving average is $222.51. 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.

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.

Analysts Set New Price Targets

Several brokerages recently issued reports on EXP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research report on Wednesday, October 8th. Citigroup reduced their target price on shares of Eagle Materials from $255.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Loop Capital boosted their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $226.00 price objective on shares of Eagle Materials in a report on Monday. Four research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $244.80.

About Eagle Materials

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.