Van ECK Associates Corp Buys 6,424 Shares of Eagle Materials Inc. (NYSE:EXP)

Van ECK Associates Corp boosted its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 40.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,485 shares of the construction company's stock after purchasing an additional 6,424 shares during the period. Van ECK Associates Corp owned approximately 0.07% of Eagle Materials worth $6,443,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC raised its holdings in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company's stock worth $26,000 after purchasing an additional 42 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Eagle Materials by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 9,644 shares of the construction company's stock valued at $2,097,000 after acquiring an additional 56 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its holdings in shares of Eagle Materials by 3.2% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company's stock worth $744,000 after acquiring an additional 79 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Eagle Materials by 0.5% during the third quarter. UMB Bank n.a. now owns 15,405 shares of the construction company's stock worth $4,431,000 after purchasing an additional 79 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director George John Damiris sold 1,000 shares of the 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 owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director George John Damiris sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 of the company's stock, valued at approximately $4,148,568. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Eagle Materials Stock Up 0.7 %

EXP stock traded up $2.05 during mid-day trading on Friday, hitting $313.60. The stock had a trading volume of 74,913 shares, compared to its average volume of 306,414. Eagle Materials Inc. has a 1-year low of $164.45 and a 1-year high of $315.86. The company has a fifty day moving average of $281.50 and a 200 day moving average of $254.88. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 22.02 and a beta of 1.32.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $623.62 million for 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 revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.28 EPS. On average, equities 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 recently weighed in on EXP. Jefferies Financial Group lifted their price target on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Citigroup boosted 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. Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Finally, 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 research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average 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.