Brown Advisory Inc. Trims Stake in Eagle Materials Inc (NYSE:EXP)

Brown Advisory Inc. lessened its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,178 shares of the construction company's stock after selling 5,351 shares during the quarter. Brown Advisory Inc. owned approximately 0.87% of Eagle Materials worth $64,621,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after acquiring an additional 52 shares during the period. Huntington National Bank lifted its holdings in shares of Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after acquiring an additional 144 shares during the period. Private Trust Co. NA increased its holdings in shares of Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares in the last quarter. LGT Financial Advisors LLC raised its position in Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after purchasing an additional 310 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in Eagle Materials by 19.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock worth $111,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Stock Performance

NYSE EXP traded up $6.87 during trading hours on Thursday, hitting $226.35. 137,587 shares of the company's stock traded hands, compared to its average volume of 352,619. The firm has a market capitalization of $7.39 billion, a P/E ratio of 16.47 and a beta of 1.26. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The business's fifty day moving average price is $212.94 and its two-hundred day moving average price is $226.80. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84.

Eagle Materials (NYSE:EXP - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The company had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. During the same period last year, the firm posted $2.24 EPS. Eagle Materials's quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXP shares. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Citigroup reduced their target price on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. DA Davidson reduced their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Loop Capital reduced their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $254.44.

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.