Eagle Materials Inc $EXP Stock Holdings Lessened by Principal Financial Group Inc.

Key Points

• Principal Financial Group trimmed its stake in Eagle Materials by 19.1%, selling 97,511 shares and leaving 413,861 shares (~1.32% ownership) valued at $85.545 million.
• Shares opened at $217.40 (up 3.7%); Eagle Materials has a market cap of $6.83 billion, a P/E of 16.46 and a 52‑week range of $171.99–$243.64.
• Analyst consensus is a "Hold" with an average price target of $228.82 (2 Buys, 10 Holds, 1 Sell), and the company pays a $0.25 quarterly dividend (annualized $1.00, yield 0.5%).

Principal Financial Group Inc. cut its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 413,861 shares of the construction company's stock after selling 97,511 shares during the quarter. Principal Financial Group Inc. owned about 1.32% of Eagle Materials worth $85,545,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EXP. Focus Partners Wealth lifted its position in Eagle Materials by 21.5% in the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company's stock valued at $448,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company's stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. First Trust Advisors LP lifted its position in Eagle Materials by 5.8% in the 2nd quarter. First Trust Advisors LP now owns 101,969 shares of the construction company's stock valued at $20,609,000 after purchasing an additional 5,612 shares during the last quarter. Baird Financial Group Inc. lifted its position in Eagle Materials by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company's stock valued at $276,000 after purchasing an additional 101 shares during the last quarter. Finally, Jump Financial LLC lifted its position in Eagle Materials by 359.9% in the 2nd quarter. Jump Financial LLC now owns 12,510 shares of the construction company's stock valued at $2,528,000 after purchasing an additional 9,790 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXP. Royal Bank Of Canada set a $208.00 price objective on shares of Eagle Materials in a research report on Tuesday, February 24th. Stephens restated an "equal weight" rating and set a $245.00 price target on shares of Eagle Materials in a research report on Tuesday, January 20th. Wells Fargo & Company boosted their price target on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Eagle Materials from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $215.00 price target (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $228.82.

Eagle Materials Stock Up 3.7%

Shares of NYSE:EXP opened at $217.40 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. The company has a market cap of $6.83 billion, a PE ratio of 16.46 and a beta of 1.38. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $243.64. The firm has a 50 day simple moving average of $198.57 and a 200 day simple moving average of $212.82.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Monday, March 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 16th. Eagle Materials's dividend payout ratio is 7.57%.

Eagle Materials Profile

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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