Eagle Materials Inc (NYSE:EXP) Stake Reduced by KBC Group NV

KBC Group NV lowered its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 90.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,598 shares of the construction company's stock after selling 15,018 shares during the quarter. KBC Group NV's holdings in Eagle Materials were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXP. Huntington National Bank raised its position in 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 purchasing an additional 144 shares during the period. Parallel Advisors LLC grew its stake in shares of Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares in the last quarter. LGT Financial Advisors LLC raised its holdings in shares of Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after buying an additional 310 shares during the period. Harbor Investment Advisory LLC lifted its position in Eagle Materials by 19.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock worth $111,000 after acquiring an additional 81 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in Eagle Materials during the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Truist Financial dropped their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. DA Davidson cut their price objective 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. 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. Finally, Wall Street Zen cut Eagle Materials from a "hold" rating to a "sell" rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Stock Down 1.0%

Eagle Materials stock traded down $2.19 during midday trading on Monday, hitting $211.99. The stock had a trading volume of 401,719 shares, compared to its average volume of 352,596. The business has a fifty day moving average price of $213.40 and a 200 day moving average price of $227.18. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The stock has a market cap of $6.92 billion, a P/E ratio of 15.41 and a beta of 1.26. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84.

Eagle Materials (NYSE:EXP - Get Free Report) last posted 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). The firm had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.24 earnings per share. Research analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders 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 dividend yield of 0.47%. Eagle Materials's payout ratio is currently 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.