Noteworthy Ownership Action: Eagle Materials Inc (NYSE:EXP) Institutional Investor Positioning Change

November 30, 2016 - By Nellie Frank   ·   0 Comments

Noteworthy Ownership Action: Eagle Materials Inc (NYSE:EXP) Institutional Investor Positioning Change

Sentiment for Eagle Materials Inc (NYSE:EXP)

Eagle Materials Inc (NYSE:EXP) institutional sentiment decreased to 1.11 in Q2 2016. Its down -0.01, from 1.12 in 2016Q1. The ratio has worsened, as 114 investment managers opened new or increased positions, while 102 decreased and sold their positions in Eagle Materials Inc. The investment managers in our partner’s database now have: 43.36 million shares, down from 43.81 million shares in 2016Q1. Also, the number of investment managers holding Eagle Materials Inc in their top 10 positions was flat from 7 to 7 for the same number . Sold All: 19 Reduced: 83 Increased: 73 New Position: 41.

Eagle Materials Inc. is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The company has a market cap of $4.52 billion. The Firm operates through five divisions: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. It has a 24.72 P/E ratio. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

About 386,128 shares traded hands. Eagle Materials, Inc. (NYSE:EXP) has risen 22.99% since April 27, 2016 and is uptrending. It has outperformed by 17.76% the S&P500.

Analysts await Eagle Materials, Inc. (NYSE:EXP) to report earnings on January, 26. They expect $1.12 earnings per share, up 21.74% or $0.20 from last year’s $0.92 per share. EXP’s profit will be $52.59M for 21.49 P/E if the $1.12 EPS becomes a reality. After $1.25 actual earnings per share reported by Eagle Materials, Inc. for the previous quarter, Wall Street now forecasts -10.40% negative EPS growth.

According to Zacks Investment Research, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates.”

Ack Asset Management Llc holds 7.06% of its portfolio in Eagle Materials, Inc. for 308,000 shares. Chesapeake Partners Management Co Inc Md owns 393,710 shares or 4.54% of their US portfolio. Moreover, Lodge Hill Capital Llc has 4.19% invested in the company for 559,800 shares. The New York-based Wall Street Access Asset Management Llc has invested 3.66% in the stock. Hodges Capital Management Inc., a Texas-based fund reported 708,811 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 9 sales for $8.70 million net activity.

Eagle Materials, Inc. (NYSE:EXP) Ratings Coverage

Ratings analysis reveals 63% of Eagle Materials’s analysts are positive. Out of 8 Wall Street analysts rating Eagle Materials, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $70 while the high is $93. The stock’s average target of $77 is -20.01% below today’s ($96.26) share price. EXP was included in 16 notes of analysts from August 5, 2015. The firm has “Buy” rating by Citigroup given on Tuesday, December 15. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Neutral” rating by Goldman Sachs on Friday, November 20. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Accumulate” rating by Standpoint Research on Monday, March 28. Stifel Nicolaus maintained Eagle Materials, Inc. (NYSE:EXP) rating on Wednesday, August 5. Stifel Nicolaus has “Buy” rating and $93 price target. The firm has “Hold” rating given on Wednesday, November 9 by Standpoint Research. BB&T Capital upgraded Eagle Materials, Inc. (NYSE:EXP) on Monday, March 28 to “Buy” rating. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Buy” rating by CL King on Tuesday, October 4. Standpoint Research upgraded the shares of EXP in a report on Tuesday, October 4 to “Buy” rating. The stock of Eagle Materials, Inc. (NYSE:EXP) has “Strong Buy” rating given on Monday, December 14 by CL King. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 23 report.

EXP Company Profile

Eagle Materials Inc., incorporated on January 27, 1994, is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Firm operates through five divisions: 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. The Company’s building material include gypsum wallboard. The Company’s basic materials used for oil and natural gas extraction include frac sand and oil well cement. It sells cement in over six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. It sells slag in the greater Chicago, Illinois area and the greater Midwest area. It has approximately three concrete and aggregates businesses. The Firm also operates a recycled paperboard business, which sells internally to its wallboard business, as well as to external customers. It sells oil well cement and frac sand to shale deposit zones across the United States.

More recent Eagle Materials, Inc. (NYSE:EXP) news were published by: Fool.com which released: “Eagle Materials, Inc. Earnings Double on Record Revenue” on October 24, 2016. Also Fool.com published the news titled: “Eagle Materials, Inc. Earnings Are Cemented by Strong Volumes” on July 25, 2016. Businesswire.com‘s news article titled: “Eagle Materials Inc. Appoints George Damiris to Its Board of Directors” with publication date: September 27, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Nellie Frank


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>