Advisory Research Inc. Sells 35,000 Shares of Eagle Materials Inc $EXP

Advisory Research Inc. lowered its stake in shares of Eagle Materials Inc (NYSE:EXP) by 71.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,944 shares of the construction company’s stock after selling 35,000 shares during the quarter. Advisory Research Inc.’s holdings in Eagle Materials were worth $3,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC increased its holdings in shares of Eagle Materials by 36.0% in the second quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after purchasing an additional 219,627 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Eagle Materials by 0.6% during the third quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock valued at $143,378,000 after acquiring an additional 3,505 shares during the period. American Century Companies Inc. boosted its holdings in Eagle Materials by 2.5% in the third quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock valued at $124,532,000 after acquiring an additional 13,104 shares during the last quarter. Principal Financial Group Inc. increased its position in Eagle Materials by 14.6% in the third quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock worth $119,179,000 after purchasing an additional 65,072 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Eagle Materials by 61.1% in the third quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company’s stock worth $116,630,000 after purchasing an additional 189,725 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP opened at $186.43 on Friday. The stock has a market cap of $5.86 billion, a P/E ratio of 14.11 and a beta of 1.35. Eagle Materials Inc has a 12 month low of $185.50 and a 12 month high of $243.64. 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 fifty day simple moving average of $221.25 and a 200 day simple moving average of $222.92.

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

Eagle Materials Dividend Announcement

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

Analysts Set New Price Targets

EXP has been the topic of a number of research reports. Stephens restated an “equal weight” rating and set a $245.00 target price on shares of Eagle Materials in a research report on Tuesday, January 20th. Citigroup lowered their price target on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. DA Davidson cut their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Wells Fargo & Company reduced their price objective on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $215.00 target price (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. Two investment 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.com, the company has a consensus rating of “Hold” and an average target price 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.