Oregon Public Employees Retirement Fund Sells 490 Shares of Eagle Materials Inc. (NYSE:EXP)

Oregon Public Employees Retirement Fund lessened its holdings in shares of Eagle Materials Inc. (NYSE:EXP – Get Rating) by 4.3% in the third quarter, HoldingsChannel.com reports. The fund owned 10,994 shares of the construction company’s stock after selling 490 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Eagle Materials were worth $1,178,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Eagle Materials by 9.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,727 shares of the construction company’s stock valued at $1,377,000 after buying an additional 905 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Eagle Materials by 4.8% during the 1st quarter. Bank of Montreal Can now owns 3,810 shares of the construction company’s stock valued at $511,000 after buying an additional 174 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Eagle Materials by 29.5% during the 1st quarter. MetLife Investment Management LLC now owns 25,532 shares of the construction company’s stock valued at $3,277,000 after buying an additional 5,821 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Eagle Materials by 7.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,478 shares of the construction company’s stock valued at $1,858,000 after buying an additional 993 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Eagle Materials by 6.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 22,071 shares of the construction company’s stock valued at $2,913,000 after buying an additional 1,347 shares in the last quarter. Institutional investors own 93.67% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP stock opened at $140.43 on Monday. The firm has a market cap of $5.17 billion, a P/E ratio of 12.88 and a beta of 1.28. Eagle Materials Inc. has a fifty-two week low of $101.98 and a fifty-two week high of $150.28. The business’s 50 day moving average price is $135.63 and its 200-day moving average price is $125.17. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 2.48.

Eagle Materials (NYSE:EXP – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $605.07 million for the quarter, compared to analyst estimates of $603.60 million. Eagle Materials had a return on equity of 36.53% and a net margin of 20.60%. On average, equities research analysts anticipate that Eagle Materials Inc. will post 12.25 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Friday, December 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. Eagle Materials’s dividend payout ratio is presently 9.17%.

Analyst Ratings Changes

A number of equities analysts have commented on EXP shares. The Goldman Sachs Group decreased their price target on Eagle Materials from $146.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 14th. Stephens lifted their price target on Eagle Materials from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. Citigroup lifted their price target on Eagle Materials from $138.00 to $168.00 in a research note on Tuesday, January 10th. Raymond James decreased their price target on Eagle Materials from $145.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 27th. Finally, Loop Capital lifted their price target on Eagle Materials from $135.00 to $145.00 in a research note on Wednesday, January 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.25.

Eagle Materials Company Profile

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Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.