Trading Report: The Retirement Systems of Alabama decides to keep it stake in Eagle Materials Inc. (EXP) to the level of $4,805,000

The Retirement Systems of Alabama decides to keep it stake in Eagle Materials Inc. (EXP) to the level of $4,805,000

Retirement Systems of Alabama lowered its position in shares of Eagle Materials Inc. (NYSE:EXP) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 62,281 shares of the company’s stock after selling 1,303 shares during the period. Retirement Systems of Alabama’s holdings in Eagle Materials were worth $4,805,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EXP. Oakbrook Investments LLC raised its stake in Eagle Materials by 8.9% in the second quarter. Oakbrook Investments LLC now owns 4,900 shares of the company’s stock worth $378,000 after buying an additional 400 shares in the last quarter. Capstone Asset Management Co. raised its stake in Eagle Materials by 8.4% in the second quarter. Capstone Asset Management Co. now owns 5,933 shares of the company’s stock worth $458,000 after buying an additional 460 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Eagle Materials by 1.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 47,018 shares of the company’s stock worth $3,296,000 after buying an additional 637 shares in the last quarter. Arizona State Retirement System raised its stake in Eagle Materials by 3.4% in the first quarter. Arizona State Retirement System now owns 27,032 shares of the company’s stock worth $1,895,000 after buying an additional 900 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Eagle Materials by 70.3% in the second quarter. LS Investment Advisors LLC now owns 2,935 shares of the company’s stock worth $226,000 after buying an additional 1,212 shares in the last quarter. Institutional investors own 91.67% of the company’s stock.

Eagle Materials Inc. (NYSE:EXP) traded up 0.26% during mid-day trading on Friday, hitting $78.16. 320,995 shares of the stock were exchanged. Eagle Materials Inc. has a 52-week low of $45.03 and a 52-week high of $87.57. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 24.22 and a beta of 1.47. The stock has a 50 day moving average of $77.84 and a 200-day moving average of $77.71.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Monday, July 25th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm earned $297 million during the quarter, compared to the consensus estimate of $295.49 million. Eagle Materials had a return on equity of 17.68% and a net margin of 13.85%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Equities analysts predict that Eagle Materials Inc. will post $4.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. Eagle Materials’s payout ratio is currently 12.35%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Wednesday, June 29th. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. CL King lowered shares of Eagle Materials from a “strong-buy” rating to a “neutral” rating in a report on Tuesday, July 26th. Finally, DA Davidson set a $100.00 price objective on shares of Eagle Materials and gave the stock a “buy” rating in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $84.13.

In related news, EVP Robert S. Stewart sold 12,098 shares of Eagle Materials stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $85.08, for a total value of $1,029,297.84. Following the completion of the sale, the executive vice president now directly owns 66,779 shares in the company, valued at $5,681,557.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director F William Barnett sold 16,221 shares of Eagle Materials stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $85.77, for a total value of $1,391,275.17. Following the completion of the sale, the director now owns 7,519 shares of the company’s stock, valued at $644,904.63. The disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.

Eagle Materials Company 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.

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