Eagle Materials Inc $EXP Position Reduced by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its position in shares of Eagle Materials Inc (NYSE:EXP) by 95.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180 shares of the construction company’s stock after selling 3,691 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Eagle Materials were worth $36,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in shares of Eagle Materials in the first quarter valued at $41,000. Parallel Advisors LLC grew its holdings in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock valued at $55,000 after acquiring an additional 52 shares in the last quarter. Private Trust Co. NA boosted its holdings in Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock worth $63,000 after purchasing an additional 80 shares in the last quarter. Assetmark Inc. raised its holdings in Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after buying an additional 326 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock valued at $103,000 after buying an additional 131 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EXP shares. DA Davidson cut their target price on shares of Eagle Materials from $260.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their price objective on shares of Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. Loop Capital increased their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Finally, Citigroup decreased their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Eagle Materials has a consensus rating of “Hold” and an average price target of $254.78.

Eagle Materials Price Performance

EXP opened at $236.48 on Friday. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The company’s 50 day simple moving average is $227.85 and its 200-day simple moving average is $220.06. The stock has a market capitalization of $7.67 billion, a P/E ratio of 17.41 and a beta of 1.28.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating 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 business had revenue of $634.69 million for the quarter, compared to analysts’ expectations of $611.52 million. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.36%.

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.