Eagle Materials Inc (EXP) Position Reduced by Nationwide Fund Advisors

Remigio Civitarese
Settembre 21, 2017

10,000 shares valued at $1.01M were sold by Graass James H on Friday, May 19.

A number of other hedge funds have also recently added to or reduced their stakes in EXP.

Gates Capital Management Inc decreased Eagle Materials Inc (EXP) stake by 70.66% reported in 2016Q4 SEC filing. Prudential Financial Inc. now owns 419,711 shares of the construction company's stock worth $38,789,000 after acquiring an additional 119,184 shares during the last quarter. Pacad Investment Ltd. grew its stake in Eagle Materials by 116.7% during the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company's stock worth $120,000 after acquiring an additional 700 shares in the last quarter. Global X Management Co. LLC grew its stake in Eagle Materials by 220.0% during the second quarter. LLC now owns 1,536 shares of the construction company's stock worth $142,000 after acquiring an additional 1,056 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Eagle Materials by 8.5% during the 2nd quarter. Mesirow Financial Mgmt invested in 229,740 shares. American Century Companies Inc. now owns 180,992 shares of the construction company's stock worth $16,727,000 after acquiring an additional 14,020 shares during the last quarter. Following the completion of the sale, the executive vice president now directly owns 66,037 shares of the company's stock, valued at approximately $6,687,566.99.

Shares of Eagle Materials (NYSE:EXP) traded up 1.31% on Wednesday, hitting $103.19. If you are viewing this article on another publication, it was stolen and reposted in violation of USA and global copyright law. Equities research analysts predict that Eagle Materials will post $5.38 EPS for the current fiscal year.

EXP has been the topic of several research analyst reports.

10/23/2015 - Eagle Materials Inc had its "buy" rating reiterated by analysts at Stifel Nicolaus. Standpoint Research upgraded shares of Eagle Materials from a "hold" rating to a "buy" rating in a research report on Monday, July 31st. Stephens raised Eagle Materials from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, May 30th.

WARNING: "Eagle Materials Inc (EXP) Holdings Increased by Schwab Charles Investment Management Inc." was reported by StockNewsTimes and is the sole property of of StockNewsTimes. Two analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The stock has a consensus rating of "Hold" and an average target price of $107.00.

In related news, EVP Robert S. Stewart sold 6,534 shares of the firm's stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $101.27, for a total transaction of $661,698.18. (NYSE:EXP). California State Teachers Retirement Sys has 97,141 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. It also operates a recycled paperboard business. The shares were sold at an average price of $93.40, for a total transaction of $186,800.00. Following the completion of the sale, the insider now directly owns 39,859 shares of the company's stock, valued at $3,722,830.60. The disclosure for this sale can be found here. Insiders have sold 69,774 shares of company stock worth $6,798,741 in the last quarter.

The company's P/E ratio is 23.68 and the market cap is 4.94B. Skylands Limited Liability Com invested 0.37% in Eagle Materials, Inc. About 230,026 shares traded.

Eagle Materials Inc has a 50 day moving average of 94.27 and a 200 day moving average of 95.54. Finally, BidaskClub upgraded shares of Eagle Materials from a "strong sell" rating to a "sell" rating in a report on Saturday, August 5th. The value of the investment in (EXP) decreased from $24,430,000 to $18,484,000 a change of 24.3% quarter to quarter. The company had revenue of $366.10 million during the quarter, compared to analysts' expectations of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The firm's quarterly revenue was up 23.1% compared to the same quarter past year. They expect $0.38 earnings per share, up 46.15% or $0.12 from last year's $0.26 per share. The business's revenue for the quarter was up 23.1% on a year-over-year basis. Equities analysts expect that Eagle Materials Inc will post $5.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. (NYSE:EXP). Stevens Cap Management Lp invested in 8,897 shares or 0.04% of the stock. The ex-dividend date was Monday the 19th of June 2017. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Boston Lc stated it has 0.29% of its portfolio in Eagle Materials, Inc.

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.

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