Charles Schwab Investment Management Inc. Has $71.58 Million Stake in Eagle Materials Inc $EXP

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Eagle Materials Inc. by 1.9% during the first quarter, now owning 322,533 shares valued at approximately $71.58 million.
• Recent analyst reports show a range of price targets for Eagle Materials, with Stephens setting a new high of $255.00 and Citigroup reducing theirs to $230.00, reflecting mixed sentiment around the stock.
• Eagle Materials is set to pay a quarterly dividend of $0.25 per share on October 16th, indicating a continuing return to shareholders despite market fluctuations.

Charles Schwab Investment Management Inc. trimmed its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 322,533 shares of the construction company's stock after selling 6,314 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.97% of Eagle Materials worth $71,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EXP. Parallel Advisors LLC boosted its holdings in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after acquiring an additional 52 shares during the period. Private Trust Co. NA boosted its stake in Eagle Materials by 39.0% during the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after purchasing an additional 80 shares during the period. Assetmark Inc. grew its holdings in Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after buying an additional 326 shares during the last quarter. LGT Financial Advisors LLC increased its position in 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 buying an additional 310 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after buying an additional 131 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on EXP shares. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Loop Capital increased their target price on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Citigroup decreased their price target on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, DA Davidson cut 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. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $255.33.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded down $2.91 during trading on Monday, reaching $230.56. The company's stock had a trading volume of 103,232 shares, compared to its average volume of 401,634. The stock has a 50-day moving average price of $214.62 and a two-hundred day moving average price of $221.47. The stock has a market capitalization of $7.48 billion, a P/E ratio of 16.97 and a beta of 1.24. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. Eagle Materials's payout ratio is currently 7.36%.

About Eagle Materials

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.