Eagle Materials (EXP) : Advisory Services Network scooped up 1,140 additional shares in Eagle Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 6,785 shares of Eagle Materials which is valued at $528,144.Eagle Materials makes up approximately 0.10% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in EXP by selling 620 shares or 9.96% in the most recent quarter. The Hedge Fund company now holds 5,602 shares of EXP which is valued at $436,060. Eagle Materials makes up approx 0.06% of First Mercantile Trust Co’s portfolio. Independent Portfolio Consultants added EXP to its portfolio by purchasing 2,640 company shares during the most recent quarter which is valued at $203,808. Eagle Materials makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EXP by selling 29,474 shares or 87.03% in the most recent quarter. The Hedge Fund company now holds 4,392 shares of EXP which is valued at $339,062. Washington Trust Bank added EXP to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $1,776.
Eagle Materials closed down -2.14 points or -2.68% at $77.84 with 9,83,069 shares getting traded on Friday. Post opening the session at $79.52, the shares hit an intraday low of $77.75 and an intraday high of $79.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Eagle Materials reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.85. The company had revenue of $297.50 million for the quarter, compared to analysts expectations of $296.34 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Many Wall Street Analysts have commented on Eagle Materials. Eagle Materials was Upgraded by Standpoint Research to ” Buy” on Oct 4, 2016. Eagle Materials was Upgraded by CL King to ” Buy” on Oct 4, 2016. Company shares were Reiterated by DA Davidson on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $92 .
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.