Eagle Materials Inc (NYSE:EXP) Shares Sold by Wealth Effects LLC

Wealth Effects LLC cut its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 52.3% during the first quarter, HoldingsChannel.com reports. The fund owned 1,001 shares of the construction company’s stock after selling 1,099 shares during the period. Wealth Effects LLC’s holdings in Eagle Materials were worth $222,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Private Trust Co. NA lifted its stake in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after purchasing an additional 71 shares in the last quarter. Parallel Advisors LLC lifted its position in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after buying an additional 52 shares in the last quarter. Huntington National Bank lifted its position in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after buying an additional 144 shares in the last quarter. LGT Financial Advisors LLC grew its holdings in Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after buying an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Eagle Materials by 19.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company’s stock worth $111,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXP. JPMorgan Chase & Co. lowered their price objective on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a “hold” rating in a report on Wednesday, May 21st. Loop Capital reduced their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a “hold” rating on the stock in a report on Wednesday, May 21st. Stephens set a $255.00 target price on shares of Eagle Materials and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus price target of $254.44.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $200.93 on Thursday. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 14.60 and a beta of 1.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03. The business has a 50-day moving average of $214.46 and a 200 day moving average of $230.76. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.26). The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.24 EPS. As a group, sell-side analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.50%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.27%.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.