Catalyst Capital Advisors LLC raised its stake in shares of Eagle Materials, Inc. (NYSE:EXP) by 200.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the construction company’s stock after buying an additional 60,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Eagle Materials were worth $8,743,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Stevens Capital Management LP raised its position in Eagle Materials by 426.1% in the first quarter. Stevens Capital Management LP now owns 46,807 shares of the construction company’s stock valued at $4,547,000 after buying an additional 37,910 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Eagle Materials by 4.8% in the first quarter. Mutual of America Capital Management LLC now owns 38,590 shares of the construction company’s stock valued at $3,749,000 after buying an additional 1,753 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in Eagle Materials during the first quarter valued at approximately $690,000. Ameriprise Financial Inc. raised its position in Eagle Materials by 4.2% in the first quarter. Ameriprise Financial Inc. now owns 205,045 shares of the construction company’s stock valued at $19,923,000 after buying an additional 8,331 shares during the last quarter. Finally, Caldwell & Orkin Inc. acquired a new position in Eagle Materials during the first quarter valued at approximately $418,000. 91.85% of the stock is owned by institutional investors and hedge funds.
Shares of Eagle Materials, Inc. (NYSE:EXP) traded down 1.39% during mid-day trading on Friday, reaching $99.48. 777,327 shares of the company traded hands. Eagle Materials, Inc. has a 52-week low of $71.24 and a 52-week high of $110.64. The company has a market capitalization of $4.82 billion, a P/E ratio of 24.06 and a beta of 1.36. The firm’s 50 day moving average price is $97.19 and its 200-day moving average price is $98.80.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The firm had revenue of $278.60 million during the quarter, compared to analysts’ expectations of $271.18 million. Eagle Materials had a return on equity of 18.45% and a net margin of 16.98%. Eagle Materials’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Equities analysts predict that Eagle Materials, Inc. will post $5.26 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Eagle Materials currently has an average rating of “Hold” and an average target price of $105.00.
In other Eagle Materials news, CEO David B. Powers sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $99.03, for a total value of $1,089,330.00. Following the completion of the transaction, the chief executive officer now owns 73,400 shares in the company, valued at approximately $7,268,802. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is owned by corporate insiders.
Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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