Strs Ohio Reduces Position in Eagle Materials Inc $EXP

Strs Ohio decreased its position in shares of Eagle Materials Inc (NYSE:EXP) by 87.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 768 shares of the construction company’s stock after selling 5,233 shares during the period. Strs Ohio’s holdings in Eagle Materials were worth $179,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EXP. Versant Capital Management Inc raised its position in Eagle Materials by 130.9% in the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after purchasing an additional 72 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Eagle Materials by 7,750.0% in the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares during the period. MAI Capital Management raised its holdings in shares of Eagle Materials by 3,060.0% in the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after buying an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after buying an additional 80 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

Shares of EXP opened at $219.28 on Wednesday. The company has a 50-day simple moving average of $220.46 and a 200-day simple moving average of $224.08. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $6.89 billion, a PE ratio of 16.60 and a beta of 1.38. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $262.81.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The company had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. During the same period in the prior year, the firm posted $3.59 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.57%.

Wall Street Analyst Weigh In

Several research firms have commented on EXP. Truist Financial reaffirmed a “hold” rating and set a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Stifel Nicolaus set a $246.00 target price on Eagle Materials in a report on Monday, October 27th. JPMorgan Chase & Co. decreased their price target on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Stephens restated an “equal weight” rating and set a $245.00 price objective on shares of Eagle Materials in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $231.90.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.