Natixis Advisors LLC Cuts Holdings in Eagle Materials Inc $EXP

Natixis Advisors LLC trimmed its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,566 shares of the construction company’s stock after selling 14,804 shares during the period. Natixis Advisors LLC owned approximately 0.30% of Eagle Materials worth $19,752,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXP. Focus Partners Wealth boosted 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Eagle Materials by 102.4% during the 2nd 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 last quarter. First Trust Advisors LP boosted its stake in Eagle Materials by 5.8% during the 2nd 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 during the last quarter. Baird Financial Group Inc. boosted its stake in Eagle Materials by 8.0% during the 2nd 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 during the last quarter. Finally, Jump Financial LLC boosted its stake in Eagle Materials by 359.9% during the 2nd 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 during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on EXP shares. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Citigroup dropped their price target on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Stephens dropped their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 20th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada raised their price target on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $224.30.

Eagle Materials Stock Performance

EXP stock opened at $212.48 on Friday. The company has a market cap of $6.58 billion, a P/E ratio of 16.20 and a beta of 1.37. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $243.64. 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 stock’s fifty day moving average price is $202.62 and its 200-day moving average price is $211.14.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. The firm had revenue of $479.11 million for 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 company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. On average, equities analysts forecast that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 15th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s payout ratio is 7.62%.

Eagle Materials Company 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.