Eagle Materials Inc. (NYSE:EXP) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,903 shares of the construction company's stock after purchasing an additional 9,723 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Eagle Materials worth $25,886,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EXP. Private Trust Co. NA raised its holdings in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares in the last quarter. Huntington National Bank raised its holdings in shares of Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares in the last quarter. R Squared Ltd bought a new stake in shares of Eagle Materials in the fourth quarter valued at about $81,000. LGT Financial Advisors LLC raised its holdings in shares of Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after acquiring an additional 310 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Eagle Materials in the fourth quarter valued at about $125,000. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on EXP. Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Stephens set a $255.00 target price on Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Citigroup cut their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Truist Financial cut their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of "Hold" and a consensus price target of $254.44.

Eagle Materials Stock Performance

NYSE EXP traded down $2.85 during trading hours on Friday, reaching $202.12. The stock had a trading volume of 752,470 shares, compared to its average volume of 342,526. The stock has a fifty day moving average of $222.40 and a 200 day moving average of $242.98. The stock has a market cap of $6.61 billion, a P/E ratio of 14.44 and a beta of 1.36. Eagle Materials Inc. has a 52-week low of $199.66 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The firm had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Eagle Materials's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.24 EPS. Sell-side analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be given a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Eagle Materials's dividend payout ratio is currently 7.27%.

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.