Municipal Employees Retirement System of Michigan lowered its stake in Eagle Materials Inc (NYSE:EXP) by 21.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,670 shares of the construction company’s stock after selling 4,070 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Eagle Materials were worth $1,565,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Skylands Capital LLC grew its stake in shares of Eagle Materials by 58.6% in the third quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock valued at $9,347,000 after buying an additional 32,375 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Eagle Materials by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock valued at $40,925,000 after buying an additional 9,922 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Eagle Materials by 8.4% in the second quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock valued at $16,727,000 after buying an additional 14,020 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Eagle Materials by 20.1% in the second quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock valued at $1,712,000 after buying an additional 3,103 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Eagle Materials by 10.0% in the second quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock valued at $1,067,000 after buying an additional 1,052 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.

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Shares of Eagle Materials Inc (NYSE:EXP) opened at $105.18 on Friday. Eagle Materials Inc has a 12 month low of $86.51 and a 12 month high of $110.98. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5,021.03, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The business had revenue of $376.30 million for the quarter, compared to analyst estimates of $412.84 million. During the same quarter last year, the business earned $1.25 EPS. Eagle Materials’s revenue for the quarter was up 13.1% compared to the same quarter last year. equities research analysts forecast that Eagle Materials Inc will post 5.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total transaction of $507,000.00. Following the completion of the sale, the chief financial officer now owns 61,778 shares in the company, valued at approximately $6,264,289.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP William R. Devlin sold 16,469 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $96.51, for a total value of $1,589,423.19. Following the sale, the senior vice president now owns 51,973 shares of the company’s stock, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,999 shares of company stock valued at $8,060,190. 4.10% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on EXP shares. Zacks Investment Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 24th. Standpoint Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub upgraded Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $115.00 to $110.00 in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $110.00.

About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: 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.

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

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