New York State Teachers Retirement System Has $9.86 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

New York State Teachers Retirement System reduced its position in shares of Eagle Materials Inc. (NYSE:EXP) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,620 shares of the construction company’s stock after selling 1,320 shares during the period. New York State Teachers Retirement System owned approximately 0.14% of Eagle Materials worth $9,862,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mariner LLC raised its position in Eagle Materials by 4.1% during the third quarter. Mariner LLC now owns 9,081 shares of the construction company’s stock valued at $1,512,000 after purchasing an additional 357 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Eagle Materials by 185.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,193 shares of the construction company’s stock worth $534,000 after buying an additional 2,075 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Eagle Materials by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 329,032 shares of the construction company’s stock worth $54,790,000 after buying an additional 5,609 shares in the last quarter. NewEdge Wealth LLC increased its holdings in shares of Eagle Materials by 32.0% during the third quarter. NewEdge Wealth LLC now owns 78,576 shares of the construction company’s stock worth $13,084,000 after buying an additional 19,060 shares in the last quarter. Finally, SG Capital Management LLC acquired a new position in shares of Eagle Materials during the third quarter worth $1,758,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

Shares of EXP opened at $253.12 on Thursday. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $253.65 and its two-hundred day simple moving average is $207.87. Eagle Materials Inc. has a 12 month low of $140.37 and a 12 month high of $272.72. The stock has a market capitalization of $8.72 billion, a P/E ratio of 17.86 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The firm had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. As a group, analysts predict that Eagle Materials Inc. will post 14.29 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Eagle Materials’s payout ratio is currently 7.06%.

Wall Street Analyst Weigh In

EXP has been the subject of several research analyst reports. Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and upped their price target for the stock from $170.00 to $240.00 in a report on Monday, January 8th. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Eagle Materials from $186.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Citigroup boosted their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Raymond James boosted their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Eagle Materials has an average rating of “Moderate Buy” and a consensus price target of $242.20.

Insiders Place Their Bets

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,610 shares in the company, valued at approximately $13,498,716. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP William R. Devlin sold 2,354 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $214.95, for a total value of $505,992.30. Following the completion of the sale, the senior vice president now directly owns 24,998 shares in the company, valued at approximately $5,373,320.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares of the company’s stock, valued at $13,498,716. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,444 shares of company stock worth $4,414,889. Company insiders own 1.70% 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; 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.