Teachers Retirement System of The State of Kentucky Reduces Holdings in Eagle Materials Inc. (NYSE:EXP)

Teachers Retirement System of The State of Kentucky trimmed its stake in Eagle Materials Inc. (NYSE:EXPGet Rating) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,142 shares of the construction company’s stock after selling 6,314 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Eagle Materials were worth $7,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Virginia Retirement Systems ET AL lifted its position in Eagle Materials by 10.6% during the 1st quarter. Virginia Retirement Systems ET AL now owns 17,700 shares of the construction company’s stock valued at $2,272,000 after acquiring an additional 1,700 shares during the period. Oak Thistle LLC purchased a new position in Eagle Materials during the 1st quarter valued at about $260,000. Point72 Asset Management L.P. lifted its position in Eagle Materials by 249.7% during the 4th quarter. Point72 Asset Management L.P. now owns 76,260 shares of the construction company’s stock valued at $12,694,000 after acquiring an additional 54,455 shares during the period. SG Capital Management LLC lifted its position in Eagle Materials by 152.0% during the 1st quarter. SG Capital Management LLC now owns 27,073 shares of the construction company’s stock valued at $3,475,000 after acquiring an additional 16,331 shares during the period. Finally, Truist Financial Corp lifted its position in Eagle Materials by 2.6% during the 1st quarter. Truist Financial Corp now owns 36,131 shares of the construction company’s stock valued at $4,637,000 after acquiring an additional 932 shares during the period. 93.41% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Down 2.3 %

Shares of EXP stock opened at $111.43 on Friday. The stock’s fifty day moving average is $122.82 and its two-hundred day moving average is $123.81. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.37 and a current ratio of 2.39. The firm has a market capitalization of $4.20 billion, a P/E ratio of 11.56 and a beta of 1.29. Eagle Materials Inc. has a fifty-two week low of $105.34 and a fifty-two week high of $169.15.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.90%. Eagle Materials’s payout ratio is currently 10.37%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Citigroup upped their price target on shares of Eagle Materials to $146.00 in a research note on Tuesday, August 9th. Truist Financial cut their price objective on shares of Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. JPMorgan Chase & Co. cut shares of Eagle Materials from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $165.00 to $130.00 in a report on Wednesday, July 20th. Finally, Stephens decreased their price target on shares of Eagle Materials to $170.00 in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus price target of $159.09.

About Eagle Materials

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland 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.

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

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