Eagle Materials Inc $EXP Position Cut by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Eagle Materials Inc (NYSE:EXP) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,027,321 shares of the construction company’s stock after selling 81,086 shares during the period. Vanguard Group Inc. owned 0.09% of Eagle Materials worth $625,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EXP. Focus Partners Wealth raised its stake in shares of Eagle Materials by 21.5% during the first 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 raised 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 valued at $35,000 after purchasing an additional 87 shares in the last quarter. First Trust Advisors LP raised its stake 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 purchasing an additional 5,612 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Eagle Materials by 8.0% during the second quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock valued at $276,000 after purchasing an additional 101 shares in the last quarter. Finally, Jump Financial LLC raised its stake in shares of Eagle Materials by 359.9% during the second quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after purchasing an additional 9,790 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $211.19 on Monday. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average price is $199.25 and its two-hundred day moving average price is $213.19. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $243.64. The stock has a market cap of $6.64 billion, a PE ratio of 15.99 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.10). The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.Eagle Materials’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.59 earnings per share. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 12.72 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 16th. Eagle Materials’s payout ratio is presently 7.57%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXP. Royal Bank Of Canada set a $208.00 price objective on shares of Eagle Materials in a research note on Tuesday, February 24th. Stephens reiterated an “equal weight” rating and issued a $245.00 price target on shares of Eagle Materials in a research report on Tuesday, January 20th. Wells Fargo & Company boosted their price target on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Wall Street Zen cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Citigroup dropped their price target on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average target price of $228.82.

About Eagle Materials

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.