King Luther Capital Management Corp Sells 3,822 Shares of Eagle Materials Inc $EXP

King Luther Capital Management Corp lowered its stake in Eagle Materials Inc (NYSE:EXP) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,271 shares of the construction company’s stock after selling 3,822 shares during the quarter. King Luther Capital Management Corp’s holdings in Eagle Materials were worth $5,430,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Focus Partners Wealth lifted its holdings in Eagle Materials by 21.5% in the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after buying an additional 357 shares during the period. EverSource Wealth Advisors LLC raised 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 in the last quarter. First Trust Advisors LP raised its holdings in Eagle Materials by 5.8% in the second 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 in the last quarter. Baird Financial Group Inc. raised its holdings in Eagle Materials by 8.0% in the second 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 in the last quarter. Finally, Jump Financial LLC raised its holdings in Eagle Materials by 359.9% in the second 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 in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

NYSE EXP opened at $218.57 on Friday. The business’s fifty day moving average price is $198.12 and its 200-day moving average price is $210.60. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 16.66 and a beta of 1.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $243.64.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The firm had revenue of $479.11 million during the quarter, compared to analyst estimates of $451.99 million. During the same quarter in the prior year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens cut their price objective on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $223.30.

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.