Eagle Materials Inc $EXP Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in Eagle Materials Inc (NYSE:EXP) by 14.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,134 shares of the construction company’s stock after purchasing an additional 9,929 shares during the period. Envestnet Asset Management Inc. owned 0.24% of Eagle Materials worth $18,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in Eagle Materials by 130.9% during the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after buying an additional 72 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Eagle Materials by 7,750.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after acquiring an additional 155 shares in the last quarter. MAI Capital Management lifted its stake in Eagle Materials by 3,060.0% during the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in 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 valued at $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the topic of a number of recent research reports. Stifel Nicolaus set a $246.00 price target on shares of Eagle Materials in a research report on Monday, October 27th. Weiss Ratings reissued 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 note on Tuesday, February 3rd. DA Davidson dropped their price target on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. 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 investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Eagle Materials currently has an average rating of “Hold” and an average price target of $231.90.

Eagle Materials Trading Up 1.0%

Shares of EXP stock opened at $234.97 on Friday. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $258.86. The firm has a market capitalization of $7.39 billion, a PE ratio of 17.79 and a beta of 1.38. The stock has a fifty day moving average of $221.58 and a two-hundred day moving average of $224.50. 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 issued its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The company had revenue of $555.96 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.59 earnings per share. As a group, research analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio is currently 7.57%.

About Eagle Materials

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.