Eagle Materials Inc $EXP Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its position in Eagle Materials Inc (NYSE:EXPFree Report) by 8.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 424,843 shares of the construction company’s stock after selling 39,665 shares during the period. Brown Advisory Inc.’s holdings in Eagle Materials were worth $87,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in Eagle Materials in the third quarter valued at approximately $30,000. Clearstead Advisors LLC boosted its stake in Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after acquiring an additional 96 shares during the period. Los Angeles Capital Management LLC acquired a new position in Eagle Materials in the fourth quarter valued at approximately $29,000. IFP Advisors Inc boosted its stake in Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after acquiring an additional 109 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in Eagle Materials in the third quarter valued at approximately $34,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on EXP. Wells Fargo & Company lifted their target price on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Stephens decreased their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. Citigroup decreased their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $224.30.

Check Out Our Latest Research Report on EXP

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $214.86 on Monday. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $205.45 and a 200-day simple moving average of $211.52. The company has a market cap of $6.65 billion, a PE ratio of 16.38 and a beta of 1.37. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $243.64.

Eagle Materials (NYSE:EXPGet Free Report) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.32. The business had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 earnings per share. On average, equities research analysts forecast that Eagle Materials Inc will post 13.02 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is presently 7.62%.

About Eagle Materials

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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