Eagle Materials Inc (NYSE:EXP) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,328 shares of the construction company's stock after acquiring an additional 9,045 shares during the quarter. Envestnet Asset Management Inc. owned about 0.28% of Eagle Materials worth $20,490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its position in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after buying an additional 52 shares in the last quarter. Huntington National Bank lifted its position in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after buying an additional 144 shares in the last quarter. Private Trust Co. NA lifted its position in Eagle Materials by 39.0% during the first 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. LGT Financial Advisors LLC lifted its position in Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after buying an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Eagle Materials by 19.4% during the first quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock worth $111,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EXP shares. Citigroup reduced their price objective 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. Truist Financial reduced their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. DA Davidson reduced their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. reduced their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Trading Up 2.0%

Shares of EXP stock traded up $4.26 on Thursday, hitting $216.13. The stock had a trading volume of 278,278 shares, compared to its average volume of 353,436. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03. The firm has a market capitalization of $7.05 billion, a P/E ratio of 15.71 and a beta of 1.26. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The company's 50 day moving average price is $211.82 and its 200-day moving average price is $225.74.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 20.50% and a return on equity of 32.71%. Eagle Materials's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.24 EPS. Analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.46%. Eagle Materials's payout ratio is 7.27%.

About Eagle Materials

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.