Los Angeles Capital Management LLC Has $15.53 Million Position in Eagle Materials Inc. (NYSE:EXP)

Los Angeles Capital Management LLC lowered its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 80.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,982 shares of the construction company's stock after selling 216,684 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.16% of Eagle Materials worth $15,528,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Baupost Group LLC MA acquired a new position in Eagle Materials during the 1st quarter valued at about $71,199,000. Captrust Financial Advisors lifted its holdings in Eagle Materials by 61.6% in the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company's stock valued at $138,485,000 after buying an additional 194,342 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Eagle Materials by 3,537.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 172,779 shares of the construction company's stock worth $46,953,000 after acquiring an additional 168,029 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock valued at $175,111,000 after purchasing an additional 162,049 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock worth $115,189,000 after purchasing an additional 132,677 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity

In related news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the 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 owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George John Damiris sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Eagle Materials Stock Up 0.5 %

NYSE:EXP traded up $1.71 on Monday, hitting $313.59. 153,635 shares of the company's stock were exchanged, compared to its average volume of 306,884. The company has a market cap of $10.52 billion, a P/E ratio of 22.15 and a beta of 1.32. The firm has a 50-day moving average price of $283.70 and a 200-day moving average price of $255.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. Eagle Materials Inc. has a 52 week low of $166.74 and a 52 week high of $317.00.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on EXP. The Goldman Sachs Group raised their target price on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Truist Financial increased their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Citigroup lifted their price objective on Eagle Materials from $252.00 to $311.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $303.78.

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.