2,774 Shares in Eagle Materials Inc (NYSE:EXP) Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,774 shares of the construction company's stock, valued at approximately $616,000.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Eagle Materials during the 4th quarter worth $93,672,000. GAMMA Investing LLC lifted its stake in Eagle Materials by 26,787.7% in the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock valued at $40,338,000 after buying an additional 181,085 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Eagle Materials in the fourth quarter valued at approximately $38,115,000. Baupost Group LLC MA increased its position in shares of Eagle Materials by 27.6% during the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock worth $157,488,000 after acquiring an additional 137,950 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in shares of Eagle Materials during the fourth quarter worth $28,778,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXP. Stephens set a $255.00 target price on shares of Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. DA Davidson decreased their price objective on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Truist Financial decreased their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Up 0.5%

Shares of NYSE:EXP traded up $1.05 during midday trading on Friday, hitting $196.59. The stock had a trading volume of 470,096 shares, compared to its average volume of 350,211. The company has a market cap of $6.43 billion, a P/E ratio of 14.29 and a beta of 1.28. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The business's 50-day simple moving average is $216.16 and its 200-day simple moving average is $233.49. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The firm had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.24 EPS. On average, sell-side analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.51%. Eagle Materials's dividend payout ratio (DPR) is currently 7.27%.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.