Legal & General Group Plc Lowers Position in Eagle Materials Inc $EXP

Legal & General Group Plc lessened its holdings in Eagle Materials Inc (NYSE:EXP) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 45,684 shares of the construction company’s stock after selling 2,793 shares during the period. Legal & General Group Plc’s holdings in Eagle Materials were worth $9,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Caisse de depot et placement du Quebec increased its holdings in Eagle Materials by 3.6% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock worth $332,000 after acquiring an additional 50 shares during the last quarter. Signaturefd LLC boosted its stake in Eagle Materials by 15.8% in the 4th quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock worth $80,000 after purchasing an additional 53 shares during the period. Smartleaf Asset Management LLC boosted its stake in Eagle Materials by 20.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock worth $76,000 after purchasing an additional 55 shares during the period. GAMMA Investing LLC raised its holdings in shares of Eagle Materials by 5.9% in the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock valued at $217,000 after acquiring an additional 58 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Eagle Materials by 2.6% in the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock valued at $498,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 0.3%

Shares of NYSE:EXP opened at $217.82 on Friday. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $243.64. The stock has a fifty day simple moving average of $202.10 and a two-hundred day simple moving average of $211.13. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 16.60 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.32. The firm had revenue of $479.11 million during the quarter, compared to analysts’ expectations 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 was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, research analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, May 20th. Stephens reduced their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $224.30.

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.