King Luther Capital Management Corp Has $6.20 Million Stock Holdings in Eagle Materials Inc $EXP

King Luther Capital Management Corp decreased its stake in Eagle Materials Inc (NYSE:EXP) by 12.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,691 shares of the construction company’s stock after selling 4,372 shares during the quarter. King Luther Capital Management Corp owned 0.09% of Eagle Materials worth $6,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EXP. JPMorgan Chase & Co. increased its position in shares of Eagle Materials by 18.8% in the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock worth $475,068,000 after acquiring an additional 339,089 shares in the last quarter. Baupost Group LLC MA lifted its holdings in shares of Eagle Materials by 42.5% in the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock valued at $201,875,000 after purchasing an additional 271,410 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Eagle Materials by 57.2% in the second quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock worth $123,640,000 after buying an additional 222,537 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Eagle Materials by 198.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 306,990 shares of the construction company’s stock valued at $62,046,000 after buying an additional 204,060 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Eagle Materials by 193.4% during the first quarter. American Century Companies Inc. now owns 288,123 shares of the construction company’s stock valued at $63,944,000 after buying an additional 189,909 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXP. Stifel Nicolaus set a $246.00 target price on Eagle Materials in a report on Monday, October 27th. DA Davidson dropped their price target on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. lifted their price target on Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Finally, Wells Fargo & Company cut their price objective on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $244.80.

Eagle Materials Stock Up 0.4%

EXP opened at $206.47 on Monday. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 15.20 and a beta of 1.31. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The business has a 50 day moving average of $229.85 and a 200-day moving average of $222.61. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The company had revenue of $638.91 million during the quarter, compared to analyst estimates of $635.55 million. During the same quarter in the prior year, the business earned $4.31 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Insider Transactions at Eagle Materials

In other news, Director David E. Rush purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average price of $208.08 per share, with a total value of $208,080.00. Following the acquisition, the director directly owned 4,173 shares in the company, valued at approximately $868,317.84. The trade was a 31.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate 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.