Eagle Materials Inc $EXP Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Eagle Materials Inc (NYSE:EXP) by 4.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,108,407 shares of the construction company’s stock after selling 128,691 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Eagle Materials worth $724,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in Eagle Materials by 1.5% during the 3rd quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock worth $690,000 after acquiring an additional 45 shares during the period. Sheets Smith Wealth Management boosted its position in shares of Eagle Materials by 1.8% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock worth $652,000 after buying an additional 49 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Eagle Materials by 20.3% in the third quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after purchasing an additional 55 shares during the last quarter. ProShare Advisors LLC increased its position in Eagle Materials by 3.9% during the second quarter. ProShare Advisors LLC now owns 1,474 shares of the construction company’s stock worth $298,000 after buying an additional 56 shares in the last quarter. Finally, BCS Private Wealth Management Inc. raised its stake in Eagle Materials by 3.5% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 1,799 shares of the construction company’s stock valued at $420,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DA Davidson dropped their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Zacks Research downgraded Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Royal Bank Of Canada set a $208.00 price objective on Eagle Materials in a research note on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Finally, Stephens restated an “equal weight” rating and issued a $245.00 price target on shares of Eagle Materials in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Eagle Materials has an average rating of “Hold” and a consensus target price of $228.36.

Eagle Materials Stock Performance

Eagle Materials stock opened at $225.38 on Tuesday. The firm has a market capitalization of $7.08 billion, a PE ratio of 17.06 and a beta of 1.38. Eagle Materials Inc has a one year low of $191.91 and a one year high of $243.64. The stock’s 50 day moving average price is $222.68 and its 200 day moving average price is $224.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The firm had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.59 EPS. As a group, sell-side analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio is presently 7.57%.

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.