Greenwood Capital Associates LLC Cuts Position in Eagle Materials Inc. (NYSE:EXP)

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

Several other large investors have also recently bought and sold shares of the company. Two Sigma Advisers LP lifted its holdings in shares of Eagle Materials by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 22,400 shares of the construction company's stock worth $5,527,000 after acquiring an additional 1,800 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in shares of Eagle Materials during the 4th quarter worth $28,778,000. Two Sigma Investments LP lifted its holdings in shares of Eagle Materials by 329.5% during the 4th quarter. Two Sigma Investments LP now owns 24,296 shares of the construction company's stock worth $5,995,000 after acquiring an additional 18,639 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Eagle Materials during the fourth quarter valued at approximately $8,890,000. Finally, Empowered Funds LLC grew its position in Eagle Materials by 242.4% during the fourth quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock valued at $1,922,000 after acquiring an additional 5,514 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Trading Up 0.7%

Shares of NYSE:EXP traded up $1.40 during midday trading on Monday, hitting $197.35. 571,404 shares of the stock traded hands, compared to its average volume of 348,705. Eagle Materials Inc. has a one year low of $194.62 and a one year high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $217.79 and its two-hundred day moving average is $234.79. The stock has a market capitalization of $6.45 billion, a PE ratio of 14.10 and a beta of 1.28.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results 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). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The company had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. During the same quarter in the prior year, the firm earned $2.24 EPS. Eagle Materials's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXP. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. DA Davidson lowered their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Citigroup lowered their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Loop Capital lowered their price target on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Eagle Materials presently has an average rating of "Hold" and a consensus target price of $254.44.

Eagle Materials 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.