TD Asset Management Inc lowered its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 651,106 shares of the construction company's stock after selling 20,372 shares during the period. TD Asset Management Inc owned approximately 1.96% of Eagle Materials worth $144,500,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bridges Investment Management Inc. boosted its position in shares of Eagle Materials by 111.4% during the 1st quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock worth $1,535,000 after purchasing an additional 3,645 shares during the period. Teacher Retirement System of Texas lifted its holdings in Eagle Materials by 234.6% during the 1st quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock worth $1,089,000 after buying an additional 3,439 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Eagle Materials by 21.2% during the 1st quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock worth $182,000 after buying an additional 143 shares in the last quarter. Hi Line Capital Management LLC acquired a new stake in Eagle Materials during the 1st quarter worth approximately $4,770,000. Finally, Private Trust Co. NA lifted its holdings in Eagle Materials by 39.0% during the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.
Eagle Materials Stock Up 1.7%
Shares of EXP traded up $3.77 during midday trading on Wednesday, reaching $231.35. The stock had a trading volume of 166,926 shares, compared to its average volume of 403,305. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The company's fifty day simple moving average is $209.23 and its two-hundred day simple moving average is $224.20. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 16.80 and a beta of 1.26. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03.
Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The firm had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same quarter in the previous year, the business posted $2.24 earnings per share. Eagle Materials's revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.
Eagle Materials Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Monday, June 16th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.43%. Eagle Materials's dividend payout ratio is currently 7.27%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on EXP shares. The Goldman Sachs Group set a $242.00 target price on shares of Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the stock a "hold" rating in a report on Wednesday, May 21st. Stephens set a $255.00 target price on shares of Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a report on Sunday, July 6th. Finally, DA Davidson reduced their target price on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $254.44.
View Our Latest Research Report on EXP
About Eagle Materials
(
Free Report)
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.
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