Teacher Retirement System of Texas Acquires 3,439 Shares of Eagle Materials Inc (NYSE:EXP)

Teacher Retirement System of Texas lifted its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 234.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,905 shares of the construction company's stock after purchasing an additional 3,439 shares during the quarter. Teacher Retirement System of Texas' holdings in Eagle Materials were worth $1,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Eagle Materials in the 4th quarter valued at $93,672,000. GAMMA Investing LLC raised its position in Eagle Materials by 26,787.7% in the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock worth $40,338,000 after purchasing an additional 181,085 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Eagle Materials during the fourth quarter valued at approximately $38,115,000. Baupost Group LLC MA grew its stake in shares of Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after purchasing an additional 137,950 shares during the period. Finally, ArrowMark Colorado Holdings LLC acquired a new position in shares of Eagle Materials in the 4th quarter worth approximately $28,778,000. 96.07% of the stock is owned by institutional investors.

Eagle Materials Trading Down 1.2%

NYSE EXP traded down $2.71 on Monday, reaching $220.71. The company had a trading volume of 457,833 shares, compared to its average volume of 402,951. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The stock's 50 day moving average is $212.71 and its 200-day moving average is $226.12. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 16.04 and a beta of 1.26.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The company had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. During the same period last year, the company earned $2.24 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Eagle Materials's dividend payout ratio is 7.27%.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of analyst reports. DA Davidson lowered their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Citigroup lowered their target price on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Loop Capital decreased their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Finally, Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Eagle Materials currently has an average rating of "Hold" and an average price target of $254.44.

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.