SG Americas Securities LLC Cuts Holdings in Eagle Materials Inc $EXP

SG Americas Securities LLC lowered its position in Eagle Materials Inc (NYSE:EXP) by 83.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,733 shares of the construction company’s stock after selling 24,662 shares during the period. SG Americas Securities LLC’s holdings in Eagle Materials were worth $897,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Clearstead Advisors LLC increased its stake in shares of Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Eagle Materials in the 4th quarter worth about $29,000. IFP Advisors Inc boosted its position in Eagle Materials by 389.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Eagle Materials during the third quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Eagle Materials by 102.4% in 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 during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EXP shares. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective for the company in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a report on Wednesday, May 20th. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Finally, Citigroup decreased their price objective on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Eagle Materials presently has an average rating of “Hold” and a consensus target price of $224.30.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $220.88 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The business’s 50 day moving average price is $213.59 and its 200-day moving average price is $211.72. The firm has a market capitalization of $6.83 billion, a PE ratio of 16.83 and a beta of 1.37. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $245.53.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.59 by $0.32. The firm had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. As a group, equities research analysts expect that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend 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.