Cambridge Investment Research Advisors Inc. Has $907,000 Position in Eagle Materials Inc (NYSE:EXP)

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 24.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,085 shares of the construction company’s stock after selling 1,318 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Eagle Materials were worth $907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Keybank National Association OH boosted its stake in Eagle Materials by 5.6% in the 4th quarter. Keybank National Association OH now owns 2,375 shares of the construction company’s stock worth $586,000 after purchasing an additional 126 shares during the period. Victory Capital Management Inc. boosted its position in shares of Eagle Materials by 8.1% during the fourth quarter. Victory Capital Management Inc. now owns 156,840 shares of the construction company’s stock worth $38,702,000 after buying an additional 11,770 shares during the period. Atria Investments Inc boosted its position in shares of Eagle Materials by 11.7% during the fourth quarter. Atria Investments Inc now owns 6,616 shares of the construction company’s stock worth $1,633,000 after buying an additional 694 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Eagle Materials during the fourth quarter worth about $8,890,000. Finally, Raymond James Financial Inc. acquired a new stake in Eagle Materials in the 4th quarter valued at approximately $38,115,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EXP shares. Loop Capital decreased their price target on shares of Eagle Materials from $245.00 to $237.00 and set a “hold” rating for the company in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reduced their target price on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the company a “hold” rating in a research report on Wednesday, May 21st. DA Davidson cut their price target on shares of Eagle Materials from $260.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. Finally, Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Eagle Materials has a consensus rating of “Hold” and a consensus price target of $254.44.

Eagle Materials Stock Up 0.3%

Shares of EXP stock opened at $214.28 on Monday. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 15.57 and a beta of 1.26. The firm’s 50-day moving average is $213.40 and its 200-day moving average is $227.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data 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). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. During the same quarter in the prior year, the company earned $2.24 EPS. Eagle Materials’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Eagle Materials’s dividend payout ratio (DPR) is 7.27%.

About Eagle Materials

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.