Teachers Retirement System of The State of Kentucky Has $9.07 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

Teachers Retirement System of The State of Kentucky lifted its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,739 shares of the construction company's stock after acquiring an additional 7,482 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.11% of Eagle Materials worth $9,065,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EXP. JPMorgan Chase & Co. lifted its holdings in Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after purchasing an additional 652,836 shares during the period. Norges Bank bought a new position in shares of Eagle Materials in the fourth quarter valued at approximately $93,672,000. Raymond James Financial Inc. bought a new stake in Eagle Materials during the fourth quarter worth approximately $38,115,000. Baupost Group LLC MA lifted its position in Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock worth $157,488,000 after purchasing an additional 137,950 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of Eagle Materials during the 3rd quarter valued at $34,846,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EXP shares. Stifel Nicolaus started coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. Truist Financial dropped their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday. Stephens restated an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Eagle Materials presently has a consensus rating of "Hold" and an average price target of $274.40.

Eagle Materials Stock Down 1.2 %

Shares of NYSE EXP traded down $2.58 during mid-day trading on Friday, reaching $218.71. The company had a trading volume of 233,705 shares, compared to its average volume of 331,960. The stock has a fifty day moving average of $221.07 and a two-hundred day moving average of $256.66. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 15.62 and a beta of 1.25. Eagle Materials Inc. has a 12-month low of $201.61 and a 12-month high of $321.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. As a group, equities research analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares of the company's stock, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

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.