Eagle Materials (EXP) : First Dallas Securities scooped up 4,778 additional shares in Eagle Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 49,231 shares of Eagle Materials which is valued at $3,649,494.Eagle Materials makes up approximately 2.94% of First Dallas Securities’s portfolio.
Other Hedge Funds, Including , Gilder Gagnon Howe Co reduced its stake in EXP by selling 8,635 shares or 9.23% in the most recent quarter. The Hedge Fund company now holds 84,899 shares of EXP which is valued at $6,293,563. Eagle Materials makes up approx 0.13% of Gilder Gagnon Howe Co’s portfolio.Russell Frank Co boosted its stake in EXP in the latest quarter, The investment management firm added 3,861 additional shares and now holds a total of 56,058 shares of Eagle Materials which is valued at $4,155,019. Eagle Materials makes up approx 0.01% of Russell Frank Co’s portfolio. Tocqueville Asset Management added EXP to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $222,360.Louisiana State Employees Retirement System reduced its stake in EXP by selling 100 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 13,700 shares of EXP which is valued at $1,015,444. Eagle Materials makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.
Eagle Materials opened for trading at $74.34 and hit $77.67 on the upside on Tuesday, eventually ending the session at $77.34, with a gain of 4.33% or 3.21 points. The heightened volatility saw the trading volume jump to 7,74,116 shares. Company has a market cap of $3,814 M.
On the company’s financial health, Eagle Materials reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.96. The company had revenue of $277.40 million for the quarter, compared to analysts expectations of $287.89 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.
Many Wall Street Analysts have commented on Eagle Materials. BB&T Capital Mkts Upgraded Eagle Materials on Mar 28, 2016 to ” Buy”, Price Target of the shares are set at $80.Standpoint Research Initiated Eagle Materials on Mar 28, 2016 to “Accumulate”, Price Target of the shares are set at $91.
Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets including northern Nevada and California the greater Chicago area the Rocky Mountain region the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants five gypsum wallboard plants one recycled paperboard plant seventeen concrete batching plants four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates and Gypsum Wallboard and Recycled Paperboard.