Eagle Materials INC (EXP) Shares Declined While Three Bays Capital LP Decreased Position

October 2, 2018 - By Peter Erickson

Eagle Materials Inc. (NYSE:EXP) LogoInvestors sentiment decreased to 1.05 in Q2 2018. Its down 0.08, from 1.13 in 2018Q1. It worsened, as 23 investors sold EXP shares while 101 reduced holdings. 42 funds opened positions while 88 raised stakes. 43.99 million shares or 1.22% less from 44.53 million shares in 2018Q1 were reported. 7,503 are owned by Linscomb Williams. Zacks Investment Mngmt has 0.05% invested in Eagle Materials Inc. (NYSE:EXP) for 19,960 shares. Voya Investment Ltd Limited Liability Company holds 0.01% of its portfolio in Eagle Materials Inc. (NYSE:EXP) for 27,619 shares. Profund Advsr Limited Com holds 0.03% of its portfolio in Eagle Materials Inc. (NYSE:EXP) for 6,615 shares. First Personal Financial Service reported 44 shares stake. Kennedy Mgmt Inc owns 131,008 shares. Moreover, Callahan Ltd Llc has 0.86% invested in Eagle Materials Inc. (NYSE:EXP) for 41,468 shares. 30,961 were accumulated by Texas Permanent School Fund. Benjamin F Edwards And Com owns 0% invested in Eagle Materials Inc. (NYSE:EXP) for 245 shares. Westpac holds 0% of its portfolio in Eagle Materials Inc. (NYSE:EXP) for 37,929 shares. Meritage Port Mngmt invested 1% in Eagle Materials Inc. (NYSE:EXP). 42,434 were reported by Tygh Cap Mngmt Inc. Arizona State Retirement Sys reported 0.04% stake. Moreover, Commerce Savings Bank has 0.02% invested in Eagle Materials Inc. (NYSE:EXP) for 14,806 shares. Bluecrest Capital Mngmt accumulated 6,683 shares.

Since May 15, 2018, it had 0 buys, and 4 insider sales for $3.32 million activity. 5,000 shares were sold by Graass James H, worth $575,000.

Three Bays Capital Lp decreased its stake in Eagle Materials Inc (EXP) by 10.64% based on its latest 2018Q2 regulatory filing with the SEC. Three Bays Capital Lp sold 77,000 shares as the company’s stock declined 21.67% while stock markets rallied. The institutional investor held 646,802 shares of the building materials company at the end of 2018Q2, valued at $67.90M, down from 723,802 at the end of the previous reported quarter. Three Bays Capital Lp who had been investing in Eagle Materials Inc for a number of months, seems to be less bullish one the $4.10B market cap company. The stock decreased 0.16% or $0.14 during the last trading session, reaching $85.77. About 334,165 shares traded. Eagle Materials Inc. (NYSE:EXP) has declined 13.77% since October 2, 2017 and is downtrending. It has underperformed by 29.39% the S&P500.

Three Bays Capital Lp, which manages about $1.36B and $2.57 billion US Long portfolio, upped its stake in Brinks Co (NYSE:BCO) by 325,400 shares to 796,600 shares, valued at $63.53M in 2018Q2, according to the filing.

Analysts await Eagle Materials Inc. (NYSE:EXP) to report earnings on October, 24. They expect $1.78 earnings per share, up 35.88 % or $0.47 from last year’s $1.31 per share. EXP’s profit will be $85.07M for 12.05 P/E if the $1.78 EPS becomes a reality. After $1.54 actual earnings per share reported by Eagle Materials Inc. for the previous quarter, Wall Street now forecasts 15.58 % EPS growth.

Another recent and important Eagle Materials Inc. (NYSE:EXP) news was published by Seekingalpha.com which published an article titled: “Eagle Materials: Flying High” on September 05, 2018.

Eagle Materials Inc. (NYSE:EXP) Ratings Coverage

Among 4 analysts covering Eagle Materials (NYSE:EXP), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Eagle Materials had 4 analyst reports since April 17, 2018 according to SRatingsIntel. The stock has “Buy” rating by Northcoast on Wednesday, June 13. Citigroup maintained Eagle Materials Inc. (NYSE:EXP) rating on Tuesday, July 31. Citigroup has “Buy” rating and $125 target.

Eagle Materials Inc. (NYSE:EXP) Institutional Positions Chart

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