Kennedy Capital Management LLC Cuts Holdings in Eagle Materials Inc $EXP

Key Points

• Kennedy Capital Management cut its stake in Eagle Materials by 11.2% in Q3, selling 13,779 shares and leaving it with 108,908 shares valued at $25.38 million; the position represents about 0.6% of Kennedy’s portfolio while the firm owns 0.34% of Eagle Materials.
• Other institutions mostly added to positions—Invesco owns 363,508 shares (~$84.7M), Sei increased holdings by 19%, and BNP Paribas grew its stake 140.5%—and institutional investors now hold about 96.07% of the stock.
• Operationally, EXP traded near $186.22 with a $5.85B market cap, reported Q earnings of $3.22 (missing estimates by $0.10) with revenue down 0.4% year-over-year, and declared a $0.25 quarterly dividend (yield ~0.5%).

Kennedy Capital Management LLC lowered its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,908 shares of the construction company's stock after selling 13,779 shares during the quarter. Eagle Materials accounts for about 0.6% of Kennedy Capital Management LLC's investment portfolio, making the stock its 25th biggest holding. Kennedy Capital Management LLC owned 0.34% of Eagle Materials worth $25,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in shares of Eagle Materials during the third quarter valued at $49,000. Invesco Ltd. lifted its stake in Eagle Materials by 4.6% during the 3rd quarter. Invesco Ltd. now owns 363,508 shares of the construction company's stock valued at $84,712,000 after acquiring an additional 15,899 shares during the period. Sei Investments Co. boosted its holdings in shares of Eagle Materials by 19.0% during the 3rd quarter. Sei Investments Co. now owns 116,156 shares of the construction company's stock valued at $27,069,000 after acquiring an additional 18,583 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Eagle Materials by 10.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,367 shares of the construction company's stock valued at $9,873,000 after acquiring an additional 3,911 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Eagle Materials by 140.5% in the third quarter. BNP Paribas Financial Markets now owns 18,986 shares of the construction company's stock worth $4,424,000 after acquiring an additional 11,093 shares during the period. 96.07% of the stock is owned by institutional investors.

Eagle Materials Price Performance

EXP stock traded down $0.21 during trading on Friday, reaching $186.22. The company's stock had a trading volume of 40,355 shares, compared to its average volume of 495,270. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The company's fifty day moving average is $221.25 and its 200-day moving average is $222.92. The company has a market capitalization of $5.85 billion, a P/E ratio of 14.06 and a beta of 1.35. Eagle Materials Inc has a 1 year low of $184.15 and a 1 year high of $243.64.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same period last year, the company earned $3.59 EPS. The business's revenue was down .4% on a year-over-year basis. On average, research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, March 16th. Eagle Materials's dividend payout ratio is presently 7.57%.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of research analyst reports. Stephens restated an "equal weight" rating and set a $245.00 price objective on shares of Eagle Materials in a research report on Tuesday, January 20th. Zacks Research downgraded shares of Eagle Materials from a "hold" rating to a "strong sell" rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. reissued an "underweight" rating and set a $215.00 price target (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eagle Materials in a report on Monday, December 29th. Finally, DA Davidson reduced their price objective on Eagle Materials from $225.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $228.36.

Eagle Materials Profile

Eagle Materials Inc NYSE: EXP is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.