Public Employees Retirement System of Ohio Sells 363 Shares of Eagle Materials Inc $EXP

Public Employees Retirement System of Ohio reduced its stake in Eagle Materials Inc (NYSE:EXP) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,255 shares of the construction company’s stock after selling 363 shares during the period. Public Employees Retirement System of Ohio’s holdings in Eagle Materials were worth $2,477,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. SVB Wealth LLC bought a new position in shares of Eagle Materials during the first quarter valued at approximately $41,000. Parallel Advisors LLC grew its holdings in shares of Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock valued at $55,000 after buying an additional 52 shares during the last quarter. Private Trust Co. NA boosted its holdings in Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock worth $63,000 after purchasing an additional 80 shares during the last quarter. Assetmark Inc. grew its position in Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock worth $87,000 after purchasing an additional 326 shares during the period. Finally, Signaturefd LLC grew its position in Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock worth $103,000 after purchasing an additional 131 shares during the period. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $233.98 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The company has a market cap of $7.59 billion, a P/E ratio of 17.23 and a beta of 1.31. The firm’s fifty day moving average is $230.50 and its two-hundred day moving average is $221.16. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.03. The company had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. As a group, analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s payout ratio is 7.36%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXP. Loop Capital lifted their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Eagle Materials currently has a consensus rating of “Hold” and a consensus target price of $254.78.

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.