M&G Plc Sells 2,069 Shares of Eagle Materials Inc. (NYSE:EXP)

M&G PLC reduced its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,965 shares of the construction company's stock after selling 2,069 shares during the quarter. M&G PLC owned about 0.10% of Eagle Materials worth $10,070,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group purchased a new position in Eagle Materials during the 1st quarter valued at $249,000. Empowered Funds LLC bought a new position in shares of Eagle Materials in the 1st quarter worth approximately $4,265,000. SG Americas Securities LLC boosted its position in shares of Eagle Materials by 38.8% during the first quarter. SG Americas Securities LLC now owns 5,141 shares of the construction company's stock valued at $1,397,000 after purchasing an additional 1,438 shares in the last quarter. Highland Capital Management LLC grew its stake in Eagle Materials by 14.6% in the first quarter. Highland Capital Management LLC now owns 39,898 shares of the construction company's stock worth $10,842,000 after purchasing an additional 5,078 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in Eagle Materials in the first quarter worth $2,193,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 value of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares in the company, valued at approximately $4,148,568. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were 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 of the company's stock, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

Eagle Materials stock traded up $0.33 during mid-day trading on Friday, reaching $311.88. 330,091 shares of the stock traded hands, compared to its average volume of 307,590. The stock has a market capitalization of $10.46 billion, a PE ratio of 22.03 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The business's 50-day moving average is $281.50 and its 200-day moving average is $254.88. Eagle Materials Inc. has a 12-month low of $164.45 and a 12-month high of $315.86.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly 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). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter in the previous year, the business posted $4.28 earnings per share. The firm's revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on EXP. The Goldman Sachs Group increased their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Stephens increased their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Citigroup increased their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Eagle Materials has a consensus rating of "Moderate Buy" and a consensus target price of $303.78.

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.