Eagle Materials Inc $EXP Stock Position Trimmed by Signaturefd LLC

Signaturefd LLC trimmed its position in shares of Eagle Materials Inc (NYSE:EXP) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 394 shares of the construction company’s stock after selling 72 shares during the period. Signaturefd LLC’s holdings in Eagle Materials were worth $80,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Eagle Materials during the first quarter worth approximately $41,000. Parallel Advisors LLC boosted its position in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after acquiring an additional 52 shares during the period. Private Trust Co. NA boosted its position in Eagle Materials by 39.0% during the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock worth $63,000 after acquiring an additional 80 shares during the period. Assetmark Inc. grew its stake in shares of Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock worth $87,000 after purchasing an additional 326 shares in the last quarter. Finally, Transce3nd LLC increased its holdings in shares of Eagle Materials by 9.7% during the first quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock valued at $122,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

EXP opened at $234.51 on Monday. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.61 billion, a PE ratio of 17.27 and a beta of 1.31. The business has a fifty day simple moving average of $230.67 and a 200-day simple moving average of $221.35. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP) last announced its 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 return on equity of 31.21% and a net margin of 19.81%.The business had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. As a group, equities analysts predict that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EXP shares. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research note on Saturday, September 27th. Finally, Loop Capital upped their target price on Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus price target of $254.78.

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.