Eagle Materials Inc $EXP Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in Eagle Materials Inc (NYSE:EXP) by 15.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 245,827 shares of the construction company’s stock after selling 45,351 shares during the quarter. Brown Advisory Inc. owned about 0.76% of Eagle Materials worth $49,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. boosted its holdings in Eagle Materials by 12.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,480 shares of the construction company’s stock valued at $328,000 after purchasing an additional 166 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Eagle Materials by 12.5% during the 1st quarter. Cetera Investment Advisers now owns 7,965 shares of the construction company’s stock valued at $1,768,000 after buying an additional 884 shares during the period. US Bancorp DE lifted its holdings in Eagle Materials by 10.7% in the first quarter. US Bancorp DE now owns 4,755 shares of the construction company’s stock valued at $1,055,000 after acquiring an additional 458 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Eagle Materials by 18.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the construction company’s stock worth $911,000 after acquiring an additional 640 shares during the period. Finally, Deutsche Bank AG grew its position in Eagle Materials by 0.9% in the first quarter. Deutsche Bank AG now owns 33,196 shares of the construction company’s stock worth $7,367,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $221.91 on Friday. The company has a market cap of $7.11 billion, a P/E ratio of 16.38 and a beta of 1.37. The firm has a fifty day moving average price of $222.14 and a 200 day moving average price of $220.19. The company has a current ratio of 2.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $301.35.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The company had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. During the same period in the previous year, the business posted $4.31 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Monday, December 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.38%.

Insider Activity

In other news, Director David E. Rush acquired 1,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $208.08 per share, with a total value of $208,080.00. Following the purchase, the director owned 4,173 shares of the company’s stock, valued at $868,317.84. This represents a 31.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $226.00 price target on shares of Eagle Materials in a report on Monday, November 3rd. DA Davidson lowered their target price on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $243.30.

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.