Eagle Materials Inc (NYSE:EXP) Holdings Decreased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 24.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,085 shares of the construction company's stock after selling 1,318 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Eagle Materials were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXP. Huntington National Bank raised its holdings in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after purchasing an additional 144 shares during the period. Parallel Advisors LLC raised its holdings in shares of Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the period. LGT Financial Advisors LLC raised its holdings in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of Eagle Materials by 19.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock worth $111,000 after purchasing an additional 81 shares during the period. Finally, Transce3nd LLC purchased a new position in shares of Eagle Materials in the 4th quarter worth about $125,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Up 3.5%

EXP stock traded up $7.67 during midday trading on Thursday, hitting $227.15. 631,721 shares of the company's stock were exchanged, compared to its average volume of 354,490. 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 Inc has a 12-month low of $191.91 and a 12-month high of $321.93. The firm has a 50 day moving average price of $212.94 and a 200-day moving average price of $226.80. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 16.51 and a beta of 1.26.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (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 business had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. During the same quarter in the prior year, the firm earned $2.24 earnings per share. Eagle Materials's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

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

Analyst Ratings Changes

EXP has been the topic of a number of research reports. Loop Capital cut their price objective on Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a report on Sunday. Truist Financial dropped their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Citigroup dropped their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.