Eagle Materials Inc $EXP Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in Eagle Materials (NYSE:EXP) by 533.1% in Q4, buying 6,088 shares to own 7,230 shares valued at about $1.494 million.
• Equity analysts have a consensus rating of Hold with an average price target of $228.82 (2 Buys, 10 Holds, 1 Sell), and recent notable moves include JPMorgan cutting its target to $215 (underweight) while Wells Fargo raised its target to $246 (overweight).
• In the most recent quarter Eagle Materials missed EPS estimates ($3.22 vs. $3.32) with revenue roughly flat year-over-year; the company has a market cap of $6.57 billion, a P/E of 15.81, and pays a $1.00 annual dividend (≈0.5% yield).

Cwm LLC boosted its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 533.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,230 shares of the construction company's stock after purchasing an additional 6,088 shares during the period. Cwm LLC's holdings in Eagle Materials were worth $1,494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Eagle Materials by 130.9% during the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company's stock worth $30,000 after purchasing an additional 72 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Eagle Materials during the 3rd quarter valued at about $30,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Eagle Materials during the 3rd quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its position in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company's stock valued at $35,000 after acquiring an additional 87 shares during the period. Finally, Eastern Bank acquired a new stake in shares of Eagle Materials during the 3rd quarter valued at about $49,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. restated an "underweight" rating and set a $215.00 target price (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th. Zacks Research upgraded Eagle Materials from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Stephens reaffirmed an "equal weight" rating and issued a $245.00 price target on shares of Eagle Materials in a research note on Tuesday, January 20th. DA Davidson decreased their price target on shares of Eagle Materials from $225.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 2nd. Finally, Wells Fargo & Company raised their price target on shares of Eagle Materials from $240.00 to $246.00 and gave the company an "overweight" rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $228.82.

Eagle Materials Stock Up 0.1%

Shares of NYSE EXP opened at $208.91 on Monday. The company has a 50 day simple moving average of $201.19 and a 200-day simple moving average of $213.89. The company has a market capitalization of $6.57 billion, a P/E ratio of 15.81 and a beta of 1.39. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $243.64.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.32 by ($0.10). The firm had revenue of $555.96 million for the quarter, compared to analyst estimates of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.59 EPS. On average, equities research analysts predict that Eagle Materials Inc will post 12.74 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials's dividend payout ratio (DPR) is currently 7.57%.

About Eagle Materials

Eagle Materials Inc NYSE: EXP is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

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