Lodge Hill Capital Lowers stake in Eagle Materials (EXP)

Eagle Materials (EXP) : Lodge Hill Capital reduced its stake in Eagle Materials by 12.79% during the most recent quarter end. The investment management company now holds a total of 614,800 shares of Eagle Materials which is valued at $46.7 Million after selling 90,200 shares in Eagle Materials , the firm said in a disclosure report filed with the SEC on May 13, 2016.Eagle Materials makes up approximately 8.74% of Lodge Hill Capital’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in EXP by selling 367 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 9,433 shares of EXP which is valued at $716,436. Eagle Materials makes up approx 0.01% of Riverhead Capital Management’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in EXP by selling 39,097 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 1,413,621 shares of EXP which is valued at $107.4 Million. Eagle Materials makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Diversified Trust Co reduced its stake in EXP by selling 1,160 shares or 8.5% in the most recent quarter. The Hedge Fund company now holds 12,485 shares of EXP which is valued at $925,513. Eagle Materials makes up approx 0.13% of Diversified Trust Co’s portfolio.Wall Street Access Asset Management boosted its stake in EXP in the latest quarter, The investment management firm added 5,454 additional shares and now holds a total of 84,102 shares of Eagle Materials which is valued at $6.2 Million. Eagle Materials makes up approx 3.49% of Wall Street Access Asset Management’s portfolio.

Eagle Materials opened for trading at $78.24 and hit $78.92 on the upside on Wednesday, eventually ending the session at $78.19, with a gain of 0.70% or 0.54 points. The heightened volatility saw the trading volume jump to 5,38,777 shares. Company has a market cap of $3,856 M.

On the company’s financial health, Eagle Materials reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.64. The company had revenue of $252.10 million for the quarter, compared to analysts expectations of $225.98 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 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.

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