Eagle Materials Inc Institutional Investor Sentiment Worsened in Q2 2018

October 2, 2018 - By Clifton Ray

Eagle Materials Inc. (NYSE:EXP) Logo

Sentiment for Eagle Materials Inc (NYSE:EXP)

Eagle Materials Inc (NYSE:EXP) institutional sentiment decreased to 1.05 in 2018 Q2. Its down -0.08, from 1.13 in 2018Q1. The ratio turned negative, as 130 hedge funds started new and increased stock positions, while 124 decreased and sold their equity positions in Eagle Materials Inc. The hedge funds in our partner’s database now hold: 43.99 million shares, down from 44.53 million shares in 2018Q1. Also, the number of hedge funds holding Eagle Materials Inc in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 23 Reduced: 101 Increased: 88 New Position: 42.

Eagle Materials Inc. produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. The company has market cap of $4.11 billion. It also produces materials used for oil and natural gas extraction. It has a 15.54 P/E ratio. The firm operates in five divisions: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

The stock increased 0.79% or $0.67 during the last trading session, reaching $85.91. About 716,943 shares traded or 35.45% up from the average. 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.

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 $85.05 million for 12.07 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.

Hodges Capital Management Inc. holds 3.37% of its portfolio in Eagle Materials Inc. for 434,999 shares. Three Bays Capital Lp owns 646,802 shares or 2.64% of their US portfolio. Moreover, Rwc Asset Management Llp has 2.01% invested in the company for 382,732 shares. The New York-based Gates Capital Management Inc. has invested 1.9% in the stock. Rosenblum Silverman Sutton S F Inc Ca, a California-based fund reported 50,585 shares.

Since January 1, 0001, it had 0 insider buys, and 4 sales for $3.32 million activity.

Eagle Materials Inc. (NYSE:EXP) Ratings Coverage

Ratings analysis reveals 100% of Eagle Materials’s analysts are positive. Out of 4 Wall Street analysts rating Eagle Materials, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $105 while the high is $125. The stock’s average target of $117 is 36.19% above today’s ($85.91) share price. EXP was included in 4 notes of analysts from April 17, 2018. The rating was maintained by Citigroup on Tuesday, July 31 with “Buy”. The firm has “Buy” rating by Northcoast given on Wednesday, June 13.

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) Institutional Positions Chart

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