Cramer Rosenthal Mcglynn LLC Sells 72,044 Shares of Eagle Materials Inc $EXP

Cramer Rosenthal Mcglynn LLC trimmed its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 63.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,975 shares of the construction company’s stock after selling 72,044 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Eagle Materials were worth $9,782,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Frontier Capital Management Co. LLC boosted its holdings in shares of Eagle Materials by 36.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after acquiring an additional 219,627 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Eagle Materials by 0.6% in the third quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock worth $143,378,000 after purchasing an additional 3,505 shares in the last quarter. American Century Companies Inc. increased its stake in Eagle Materials by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock worth $124,532,000 after buying an additional 13,104 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Eagle Materials by 14.6% during 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Eagle Materials by 61.1% during the third quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company’s stock valued at $116,630,000 after buying an additional 189,725 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EXP shares. Royal Bank Of Canada set a $208.00 target price on Eagle Materials in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Stephens reissued an “equal weight” rating and set a $245.00 price target on shares of Eagle Materials in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th. Finally, Citigroup lowered their target price on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $228.36.

Eagle Materials Stock Down 2.7%

Shares of EXP stock opened at $205.66 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $243.64. The stock has a 50 day moving average of $222.97 and a 200 day moving average of $224.24. The stock has a market cap of $6.46 billion, a P/E ratio of 15.57 and a beta of 1.35.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The business had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.Eagle Materials’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.59 EPS. As a group, sell-side analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.57%.

Eagle Materials 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.