Thurston Springer Miller Herd & Titak Inc. Has $36,000 Position in Eagle Materials Inc $EXP

Key Points

• Thurston Springer Miller Herd & Titak Inc. significantly reduced its position in Eagle Materials by 95.4% during Q2, now owning only 180 shares after selling 3,691 shares.
• Several institutional investors have recently adjusted their stakes in Eagle Materials, with notable increases from companies like Assetmark Inc. (486.6% increase).
• Eagle Materials has a consensus rating of "Hold" from analysts, with a range of target prices averaging around $254.78 despite varied assessments from different firms.

Thurston Springer Miller Herd & Titak Inc. trimmed its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 95.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180 shares of the construction company's stock after selling 3,691 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Eagle Materials were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EXP. SVB Wealth LLC bought a new position in Eagle Materials in the first quarter worth $41,000. Parallel Advisors LLC boosted its position in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after acquiring an additional 52 shares in the last quarter. Private Trust Co. NA increased its stake in Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after acquiring an additional 80 shares during the period. Assetmark Inc. increased its stake in Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after acquiring an additional 326 shares during the period. Finally, Signaturefd LLC raised its position in Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, August 26th. 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 report on Wednesday, May 28th. Finally, Loop Capital lifted their price objective on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $254.78.

Eagle Materials Trading Down 1.3%

Eagle Materials stock traded down $2.90 during trading hours on Monday, reaching $228.33. 401,319 shares of the company's stock traded hands, compared to its average volume of 345,996. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 16.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. The firm's 50 day moving average is $228.15 and its 200-day moving average is $220.26.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share 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 business had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. On average, analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio is currently 7.36%.

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.