Eagle Materials Inc $EXP Stock Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in Eagle Materials Inc (NYSE:EXP) by 48.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,320 shares of the construction company’s stock after selling 3,148 shares during the period. Intech Investment Management LLC’s holdings in Eagle Materials were worth $686,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Clearstead Advisors LLC lifted its holdings in Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares during the last quarter. IFP Advisors Inc lifted its holdings in Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after acquiring an additional 109 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Eagle Materials in the third quarter worth about $30,000. Measured Wealth Private Client Group LLC bought a new position in Eagle Materials in the third quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC lifted 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 acquiring an additional 87 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 2.7%

NYSE EXP opened at $207.06 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The company’s 50 day simple moving average is $203.08 and its 200 day simple moving average is $211.26. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The company has a market capitalization of $6.41 billion, a P/E ratio of 15.78 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. During the same period in the previous year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts expect that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXP. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Tuesday, June 2nd. Wells Fargo & Company raised their target price on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada raised their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. Stephens cut their target price 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. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock 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.