Thrivent Financial for Lutherans Decreases Stock Holdings in Eagle Materials Inc $EXP

Thrivent Financial for Lutherans cut its stake in Eagle Materials Inc (NYSE:EXP) by 64.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,388 shares of the construction company’s stock after selling 20,706 shares during the period. Thrivent Financial for Lutherans’ holdings in Eagle Materials were worth $2,653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXP. Versant Capital Management Inc increased its stake 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 in the last quarter. Hantz Financial Services Inc. grew its holdings 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 last quarter. MAI Capital Management increased its position 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Eagle Materials by 102.4% during the 2nd 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 last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Eagle Materials by 62.5% during the 2nd 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXP has been the subject of several recent research reports. Truist Financial restated a “hold” rating and set a $210.00 target price (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $226.00 price target on shares of Eagle Materials in a research report on Monday, November 3rd. DA Davidson cut their price objective on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Stifel Nicolaus set a $246.00 target price on Eagle Materials in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $231.90.

Eagle Materials Trading Up 0.6%

Shares of EXP opened at $227.10 on Tuesday. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $258.86. The company has a market capitalization of $7.14 billion, a PE ratio of 17.19 and a beta of 1.38. The stock has a fifty day moving average of $220.83 and a two-hundred day moving average of $224.32. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last announced 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). The business had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. Eagle Materials’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.59 EPS. As a group, analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current year.

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.