Eagle Materials Inc $EXP Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its stake in shares of Eagle Materials Inc (NYSE:EXP) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 357,820 shares of the construction company’s stock after selling 49,563 shares during the period. TD Asset Management Inc owned about 1.14% of Eagle Materials worth $73,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Focus Partners Wealth raised its position in shares of Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Eagle Materials by 102.4% during the 2nd 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 last quarter. First Trust Advisors LP raised its position in shares of Eagle Materials by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock worth $20,609,000 after purchasing an additional 5,612 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Eagle Materials by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock worth $276,000 after purchasing an additional 101 shares during the last quarter. Finally, Jump Financial LLC raised its position in shares of Eagle Materials by 359.9% during the 2nd quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock worth $2,528,000 after purchasing an additional 9,790 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Down 2.3%

Shares of EXP opened at $212.48 on Friday. The stock has a fifty day moving average of $202.62 and a two-hundred day moving average of $211.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66. The company has a market capitalization of $6.58 billion, a PE ratio of 16.20 and a beta of 1.37. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $243.64.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.32. The company 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%.Eagle Materials’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 EPS. As a group, 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. Shareholders of record on Monday, June 15th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s payout ratio is 7.62%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EXP. Wells Fargo & Company lifted their price objective on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Stephens cut their price objective on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Royal Bank Of Canada lifted their price objective on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $224.30.

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.