Cwm LLC Sells 651 Shares of Eagle Materials Inc (NYSE:EXP)

Cwm LLC trimmed its stake in Eagle Materials Inc (NYSE:EXP) by 38.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,056 shares of the construction company’s stock after selling 651 shares during the period. Cwm LLC’s holdings in Eagle Materials were worth $234,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its position in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after buying an additional 52 shares during the period. Huntington National Bank increased its position in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after buying an additional 144 shares during the period. Private Trust Co. NA increased its position in Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock worth $63,000 after buying an additional 80 shares during the period. LGT Financial Advisors LLC increased its position in Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after buying an additional 310 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in Eagle Materials by 19.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company’s stock worth $111,000 after buying an additional 81 shares during the period. 96.07% of the stock is owned by institutional investors.

Eagle Materials Price Performance

Shares of EXP stock opened at $226.30 on Friday. The stock’s fifty day simple moving average is $209.50 and its 200 day simple moving average is $224.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 16.45 and a beta of 1.26. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 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 company had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same period in the prior year, the firm earned $2.24 EPS. Eagle Materials’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, June 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.44%. Eagle Materials’s payout ratio is 7.27%.

Analysts Set New Price Targets

Several brokerages have commented on EXP. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a “hold” rating in a research report on Wednesday, May 21st. Wall Street Zen lowered Eagle Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 6th. Truist Financial decreased their price objective on Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a “buy” rating in a report on Wednesday, May 21st. Finally, Stephens set a $255.00 price objective on Eagle Materials and gave the stock an “overweight” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Eagle Materials presently has a consensus rating of “Hold” and an average target price 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.