Los Angeles Capital Management LLC Sells 216,684 Shares of Eagle Materials Inc. (NYSE:EXP)

by · The Cerbat Gem

Los Angeles Capital Management LLC reduced its position in shares of Eagle Materials Inc. (NYSE:EXP – Free Report) by 80.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,982 shares of the construction company’s stock after selling 216,684 shares during the period. Los Angeles Capital Management LLC owned about 0.16% of Eagle Materials worth $15,528,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in shares of Eagle Materials by 5.5% in the first quarter. TD Asset Management Inc now owns 919,714 shares of the construction company’s stock worth $249,932,000 after acquiring an additional 47,744 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Eagle Materials by 25.2% in the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock worth $175,111,000 after acquiring an additional 162,049 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Eagle Materials by 4.9% in the second quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company’s stock worth $129,449,000 after acquiring an additional 28,003 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Eagle Materials by 33.4% in the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock worth $115,189,000 after acquiring an additional 132,677 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Eagle Materials by 61.6% in the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock worth $138,485,000 after acquiring an additional 194,342 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at $4,148,568. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Eagle Materials Stock Up 0.1 %

NYSE:EXP opened at $311.88 on Monday. Eagle Materials Inc. has a 1 year low of $164.45 and a 1 year high of $315.86. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 22.03 and a beta of 1.32. The stock has a 50-day moving average price of $282.58 and a two-hundred day moving average price of $255.37.

Eagle Materials (NYSE:EXP – Get Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same period in the previous year, the firm posted $4.28 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Citigroup boosted their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Stephens boosted their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $303.78.

Get Our Latest Report on Eagle Materials

Eagle Materials Profile

(Free Report)

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.

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