Allianz Asset Management GmbH Has $1.08 Million Stock Holdings in Eagle Materials Inc (NYSE:EXP)

Allianz Asset Management GmbH cut its stake in Eagle Materials Inc (NYSE:EXP) by 44.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,873 shares of the construction company’s stock after selling 3,876 shares during the period. Allianz Asset Management GmbH’s holdings in Eagle Materials were worth $1,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXP. GAMMA Investing LLC boosted its holdings in shares of Eagle Materials by 26,787.7% during the 1st quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company’s stock worth $40,338,000 after buying an additional 181,085 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Eagle Materials by 111.1% during the first quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company’s stock worth $73,477,000 after acquiring an additional 174,241 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Eagle Materials in the fourth quarter worth $38,115,000. Baupost Group LLC MA increased its stake 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 valued at $157,488,000 after purchasing an additional 137,950 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake 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 valued at $45,722,000 after purchasing an additional 128,271 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. DA Davidson reduced their target price on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Wall Street Zen lowered Eagle Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 6th. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the company a “hold” rating in a research note on Wednesday, May 21st. Stephens set a $255.00 target price on Eagle Materials and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Finally, 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 research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $255.33.

Eagle Materials Trading Down 1.6%

Shares of Eagle Materials stock opened at $224.39 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $209.71 and a 200 day simple moving average of $224.13. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93. The company has a market capitalization of $7.32 billion, a P/E ratio of 16.52 and a beta of 1.26.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. On average, sell-side analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.27%.

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.