Teachers Retirement System of The State of Kentucky Has $7.98 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Eagle Materials Inc. (NYSE:EXPGet Rating) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,142 shares of the construction company’s stock after selling 6,314 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.16% of Eagle Materials worth $7,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXP. Prospera Financial Services Inc bought a new stake in Eagle Materials in the 1st quarter worth about $42,000. Meeder Asset Management Inc. grew its position in Eagle Materials by 90.9% in the 1st quarter. Meeder Asset Management Inc. now owns 462 shares of the construction company’s stock worth $60,000 after purchasing an additional 220 shares in the last quarter. Odey Asset Management Group Ltd bought a new stake in Eagle Materials in the 4th quarter worth about $117,000. CWM LLC grew its position in Eagle Materials by 406.4% in the 1st quarter. CWM LLC now owns 1,023 shares of the construction company’s stock worth $131,000 after purchasing an additional 821 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Eagle Materials in the 1st quarter worth about $142,000. 93.41% of the stock is owned by institutional investors.

Eagle Materials Stock Performance

Shares of EXP stock opened at $111.43 on Friday. Eagle Materials Inc. has a 12 month low of $105.34 and a 12 month high of $169.15. The company has a current ratio of 2.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $4.20 billion, a P/E ratio of 11.56 and a beta of 1.29. The firm’s 50 day moving average is $122.82 and its 200 day moving average is $123.81.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 15th. Eagle Materials’s dividend payout ratio is presently 10.37%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXP. JPMorgan Chase & Co. downgraded shares of Eagle Materials from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $165.00 to $130.00 in a research report on Wednesday, July 20th. Citigroup boosted their target price on shares of Eagle Materials to $146.00 in a research note on Tuesday, August 9th. Stephens dropped their target price on shares of Eagle Materials to $170.00 in a research note on Tuesday, July 26th. StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Finally, Truist Financial dropped their target price on shares of Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, May 23rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus target price of $159.09.

Eagle Materials Company Profile

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland 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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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