State Treasurer State of Michigan cut its holdings in Eagle Materials, Inc. (NYSE:EXP) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,500 shares of the construction company’s stock after selling 700 shares during the quarter. State Treasurer State of Michigan’s holdings in Eagle Materials were worth $1,983,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EXP. Emerald Mutual Fund Advisers Trust purchased a new stake in Eagle Materials in the third quarter valued at about $201,000. Cigna Investments Inc. New purchased a new stake in Eagle Materials in the fourth quarter valued at about $205,000. HM Payson & Co. purchased a new stake in Eagle Materials in the third quarter valued at about $225,000. Ingalls & Snyder LLC purchased a new stake in Eagle Materials in the fourth quarter valued at about $234,000. Finally, Suntrust Banks Inc. raised its stake in Eagle Materials by 11.4% in the second quarter. Suntrust Banks Inc. now owns 2,718 shares of the construction company’s stock valued at $249,000 after buying an additional 278 shares during the last quarter. Institutional investors own 91.37% of the company’s stock.

In other news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,778 shares in the company, valued at $6,338,695.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gerald J. Essl sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $113.77, for a total value of $1,137,700.00. Following the completion of the transaction, the insider now owns 24,380 shares of the company’s stock, valued at $2,773,712.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,623 shares of company stock valued at $6,930,994. Company insiders own 4.10% of the company’s stock.

A number of research firms have commented on EXP. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Stifel Nicolaus increased their price target on Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Citigroup increased their price target on Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $135.00.

Eagle Materials, Inc. (NYSE EXP) opened at $103.31 on Tuesday. Eagle Materials, Inc. has a 12 month low of $86.51 and a 12 month high of $122.49. The stock has a market capitalization of $4,972.01, a PE ratio of 19.60, a PEG ratio of 2.42 and a beta of 1.17. The company has a quick ratio of 1.06, a current ratio of 2.44 and a debt-to-equity ratio of 0.40.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The firm had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $364.52 million. During the same period last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. research analysts anticipate that Eagle Materials, Inc. will post 5.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s payout ratio is 7.59%.

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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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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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