Dimensional Fund Advisors LP Sells 7,753 Shares of Eagle Materials Inc $EXP

Dimensional Fund Advisors LP trimmed its holdings in Eagle Materials Inc (NYSE:EXP) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 602,896 shares of the construction company’s stock after selling 7,753 shares during the period. Dimensional Fund Advisors LP owned about 1.88% of Eagle Materials worth $140,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in EXP. Park Avenue Securities LLC grew its position in shares of Eagle Materials by 1.5% during the third quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock worth $690,000 after purchasing an additional 45 shares in the last quarter. Sheets Smith Wealth Management raised its stake in Eagle Materials by 1.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock valued at $652,000 after purchasing an additional 49 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Eagle Materials by 20.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock worth $76,000 after purchasing an additional 55 shares in the last quarter. ProShare Advisors LLC boosted its stake in Eagle Materials by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 1,474 shares of the construction company’s stock worth $298,000 after purchasing an additional 56 shares during the period. Finally, BCS Private Wealth Management Inc. boosted its stake in Eagle Materials by 3.5% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 1,799 shares of the construction company’s stock worth $420,000 after purchasing an additional 60 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Down 1.5%

EXP stock opened at $193.51 on Wednesday. The firm has a fifty day moving average price of $221.96 and a 200 day moving average price of $223.40. Eagle Materials Inc has a fifty-two week low of $188.76 and a fifty-two week high of $243.64. The firm has a market cap of $6.08 billion, a PE ratio of 14.65 and a beta of 1.35. 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 released its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The business had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. During the same period in the previous year, the company earned $3.59 EPS. Eagle Materials’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, March 16th. Eagle Materials’s dividend payout ratio is currently 7.57%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXP shares. DA Davidson reduced their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday. Stephens reaffirmed an “equal weight” rating and set a $245.00 target price on shares of Eagle Materials in a research note on Tuesday, January 20th. Royal Bank Of Canada set a $208.00 price target on shares of Eagle Materials in a report on Tuesday, February 24th. Finally, Zacks Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $228.36.

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.