Vaughan Nelson Investment Management L.P. Decreases Stock Position in Eagle Materials Inc $EXP

Vaughan Nelson Investment Management L.P. lessened its holdings in Eagle Materials Inc (NYSE:EXP) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 281,600 shares of the construction company’s stock after selling 32,190 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.90% of Eagle Materials worth $53,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Focus Partners Wealth increased its stake in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after purchasing an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares during the period. First Trust Advisors LP grew its holdings in shares of Eagle Materials by 5.8% during the second quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock valued at $20,609,000 after buying an additional 5,612 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Eagle Materials by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock valued at $276,000 after acquiring an additional 101 shares during the period. Finally, Jump Financial LLC increased its position in shares of Eagle Materials by 359.9% in the 2nd quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after acquiring an additional 9,790 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EXP shares. Stephens lowered their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Wells Fargo & Company raised their price objective on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Citigroup dropped their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $224.30.

Eagle Materials Stock Performance

EXP opened at $224.86 on Monday. The firm’s fifty day simple moving average is $208.61 and its two-hundred day simple moving average is $211.47. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $243.64. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 17.14 and a beta of 1.37. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business had revenue of $479.11 million during the quarter, compared to analysts’ expectations of $451.99 million. During the same quarter in the previous year, the company earned $2.00 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Eagle Materials’s payout ratio is presently 7.62%.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.