Public Employees Retirement System of Ohio Has $4.47 Million Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,524 shares of the construction company’s stock after selling 1,334 shares during the period. Public Employees Retirement System of Ohio’s holdings in Eagle Materials were worth $4,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of EXP. Wealth Enhancement Advisory Services LLC lifted its position in shares of Eagle Materials by 481.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock worth $1,808,000 after purchasing an additional 6,885 shares in the last quarter. Blue Trust Inc. increased its stake in Eagle Materials by 22.5% in the 2nd quarter. Blue Trust Inc. now owns 680 shares of the construction company’s stock valued at $148,000 after buying an additional 125 shares during the period. Raymond James & Associates lifted its position in Eagle Materials by 2.7% in the 2nd quarter. Raymond James & Associates now owns 70,692 shares of the construction company’s stock worth $15,373,000 after buying an additional 1,885 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Eagle Materials by 54.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 26,456 shares of the construction company’s stock valued at $5,761,000 after buying an additional 9,328 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Eagle Materials during the 2nd quarter valued at $235,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 1.5 %

Shares of Eagle Materials stock opened at $273.32 on Friday. Eagle Materials Inc. has a 12-month low of $193.95 and a 12-month high of $321.93. The stock has a market capitalization of $9.17 billion, a P/E ratio of 19.30 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average price of $297.21 and a two-hundred day moving average price of $263.17.

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

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio is currently 7.06%.

Analyst Ratings Changes

EXP has been the subject of a number of research reports. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Monday, November 25th. Jefferies Financial Group increased their price objective on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Eagle Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.11.

Insider Transactions at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the business’s 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 directly owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,866 shares of company stock worth $5,482,931. Company insiders own 1.60% of the company’s stock.

Eagle Materials 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.