Fort Washington Investment Advisors Inc. OH Sells 18,650 Shares of Eagle Materials Inc $EXP

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,311 shares of the construction company’s stock after selling 18,650 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.28% of Eagle Materials worth $18,665,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EXP. Park Avenue Securities LLC boosted its stake in Eagle Materials by 1.5% in the third quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock valued at $690,000 after acquiring an additional 45 shares during the last quarter. Sheets Smith Wealth Management raised its position in shares of 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 acquiring an additional 49 shares during the last quarter. Caisse de depot et placement du Quebec lifted its stake in shares of Eagle Materials by 3.6% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after purchasing an additional 50 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Eagle Materials by 20.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after purchasing an additional 55 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Eagle Materials by 5.9% in the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock worth $217,000 after purchasing an additional 58 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $182.35 on Friday. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $5.73 billion, a PE ratio of 13.80 and a beta of 1.35. The stock’s fifty day simple moving average is $211.91 and its 200 day simple moving average is $219.11.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $3.59 earnings per share. On average, research analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

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

Analyst Upgrades and Downgrades

EXP has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Citigroup decreased their target price on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Stephens reiterated an “equal weight” rating and issued a $245.00 price target on shares of Eagle Materials in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $228.36.

Eagle Materials Company 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.