Greenwood Capital Associates LLC Sells 1,784 Shares of Eagle Materials Inc. (NYSE:EXP)

Greenwood Capital Associates LLC lessened its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 38.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,915 shares of the construction company's stock after selling 1,784 shares during the quarter. Greenwood Capital Associates LLC's holdings in Eagle Materials were worth $647,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake 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 worth $51,000 after acquiring an additional 71 shares during the period. Parallel Advisors LLC grew its position in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after purchasing an additional 52 shares during the period. Huntington National Bank increased its position in shares of 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 acquiring an additional 144 shares in the last quarter. LGT Financial Advisors LLC increased its holdings in Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings 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. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

Shares of NYSE EXP traded down $6.77 during midday trading on Friday, hitting $195.80. The company's stock had a trading volume of 282,765 shares, compared to its average volume of 348,213. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 13.99 and a beta of 1.28. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $218.18 and a 200 day moving average price of $237.33. Eagle Materials Inc. has a one year low of $194.68 and a one year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released 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). The business 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%. The firm's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.24 earnings per share. On average, research analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, June 16th. Eagle Materials's payout ratio is presently 7.27%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EXP shares. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. Truist Financial reduced their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. DA Davidson dropped their target price on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $254.44.

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.