Envestnet Portfolio Solutions Inc. Has $268,000 Stock Position in Eagle Materials Inc $EXP

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Eagle Materials Inc (NYSE:EXP) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,327 shares of the construction company’s stock after selling 313 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Eagle Materials were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of Eagle Materials by 18.8% in the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock valued at $475,068,000 after buying an additional 339,089 shares during the period. Baupost Group LLC MA raised its holdings in Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock valued at $201,875,000 after acquiring an additional 271,410 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Eagle Materials by 198.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 306,990 shares of the construction company’s stock worth $62,046,000 after acquiring an additional 204,060 shares during the period. American Century Companies Inc. lifted its position in shares of Eagle Materials by 193.4% in the 1st quarter. American Century Companies Inc. now owns 288,123 shares of the construction company’s stock worth $63,944,000 after acquiring an additional 189,909 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Eagle Materials by 111.1% during the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company’s stock worth $73,477,000 after purchasing an additional 174,241 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EXP shares. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. Loop Capital lifted their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Wells Fargo & Company raised shares of Eagle Materials to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average target price of $255.40.

Eagle Materials Stock Down 0.4%

EXP opened at $232.98 on Friday. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 17.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The firm’s 50-day simple moving average is $233.24 and its 200-day simple moving average is $222.69. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93.

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

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s payout ratio is currently 7.36%.

Eagle Materials 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.