Eagle Materials Inc $EXP is Hodges Capital Management Inc.’s 8th Largest Position

Hodges Capital Management Inc. trimmed its position in shares of Eagle Materials Inc (NYSE:EXP) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,565 shares of the construction company’s stock after selling 5,711 shares during the quarter. Eagle Materials accounts for approximately 2.1% of Hodges Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Hodges Capital Management Inc. owned about 0.33% of Eagle Materials worth $21,538,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Eagle Materials in the 1st quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after buying an additional 80 shares during the period. Assetmark Inc. boosted its stake in shares of Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after buying an additional 326 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock worth $103,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $206.47 on Monday. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $229.85 and its 200 day moving average price is $222.61. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 15.20 and a beta of 1.31.

Eagle Materials (NYSE:EXP) last announced 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 net margin of 19.81% and a return on equity of 31.21%. The business had revenue of $638.91 million during the quarter, compared to analysts’ expectations of $635.55 million. During the same period last year, the company earned $4.31 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXP. Jefferies Financial Group reiterated a “hold” rating and issued a $226.00 price objective on shares of Eagle Materials in a research report on Monday, November 3rd. Wells Fargo & Company lowered their price target on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Zacks Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Stifel Nicolaus set a $246.00 price objective on shares of Eagle Materials in a report on Monday, October 27th. Finally, Citigroup lowered their target price on shares of Eagle Materials from $255.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $244.80.

Insider Transactions at Eagle Materials

In related news, Director David E. Rush bought 1,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were purchased at an average price of $208.08 per share, for a total transaction of $208,080.00. Following the acquisition, the director owned 4,173 shares in the company, valued at $868,317.84. This represents a 31.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

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.