First Trust Advisors LP Sells 18,187 Shares of Eagle Materials Inc. (NYSE:EXP)

First Trust Advisors LP decreased its position in shares of Eagle Materials Inc. (NYSE:EXPFree Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,813 shares of the construction company’s stock after selling 18,187 shares during the period. First Trust Advisors LP owned approximately 0.41% of Eagle Materials worth $28,360,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EXP. Meritage Portfolio Management increased its position in Eagle Materials by 2.1% during the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock worth $458,000 after purchasing an additional 47 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Eagle Materials by 2.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company’s stock worth $632,000 after purchasing an additional 74 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Eagle Materials by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,674 shares of the construction company’s stock worth $2,110,000 after buying an additional 82 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Eagle Materials by 2.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,285 shares of the construction company’s stock valued at $666,000 after buying an additional 85 shares during the last quarter. Finally, Paralel Advisors LLC increased its stake in shares of Eagle Materials by 1.1% in the third quarter. Paralel Advisors LLC now owns 13,032 shares of the construction company’s stock valued at $2,170,000 after buying an additional 147 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXP shares. Stifel Nicolaus reduced their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Loop Capital lowered their target price on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Raymond James increased their price objective on shares of Eagle Materials from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Truist Financial boosted their price objective on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.67.

View Our Latest Stock Analysis on EXP

Eagle Materials Trading Up 0.4 %

Shares of EXP opened at $225.56 on Tuesday. The firm has a 50 day moving average price of $250.23 and a 200-day moving average price of $233.41. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 2.62. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $276.61. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 16.56 and a beta of 1.33.

Eagle Materials (NYSE:EXPGet Free Report) last released its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.48). Eagle Materials had a net margin of 21.14% and a return on equity of 37.31%. The firm had revenue of $476.70 million for the quarter, compared to the consensus estimate of $480.20 million. During the same quarter in the prior year, the firm earned $2.79 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Eagle Materials Inc. will post 16.15 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is 7.34%.

Eagle Materials Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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