Eagle Materials Inc (NYSE:EXP) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in Eagle Materials Inc (NYSE:EXP) by 21.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,768 shares of the construction company’s stock after selling 479 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Eagle Materials were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXP. Norges Bank acquired a new position in Eagle Materials in the fourth quarter worth $93,672,000. GAMMA Investing LLC boosted its holdings in Eagle Materials by 26,787.7% in the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company’s stock worth $40,338,000 after purchasing an additional 181,085 shares during the period. Raymond James Financial Inc. acquired a new position in Eagle Materials in the fourth quarter worth $38,115,000. Baupost Group LLC MA boosted its holdings in Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock worth $157,488,000 after purchasing an additional 137,950 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Eagle Materials by 165.0% in the first quarter. Principal Financial Group Inc. now owns 206,019 shares of the construction company’s stock worth $45,722,000 after purchasing an additional 128,271 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $223.44 on Monday. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. The firm’s 50-day simple moving average is $212.71 and its 200 day simple moving average is $226.12. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. The stock has a market cap of $7.29 billion, a P/E ratio of 16.24 and a beta of 1.26.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The company had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same quarter in the prior year, the firm earned $2.24 earnings per share. Eagle Materials’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.27%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXP. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the company a “hold” rating in a report on Wednesday, May 21st. Stephens set a $255.00 price target on shares of Eagle Materials and gave the company an “overweight” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target 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. Citigroup reduced their price target on shares of Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. Finally, DA Davidson reduced their price target on shares of Eagle Materials from $260.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $254.44.

Eagle Materials Company Profile

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.