Eagle Materials Inc. (NYSE:EXP) Shares Sold by Man Group plc

Man Group plc reduced its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,119 shares of the construction company's stock after selling 5,052 shares during the period. Man Group plc owned approximately 0.07% of Eagle Materials worth $5,705,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EXP. Barclays PLC boosted its holdings in Eagle Materials by 78.1% in the third quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after purchasing an additional 16,645 shares during the period. JPMorgan Chase & Co. lifted its stake in Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after acquiring an additional 652,836 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Eagle Materials by 12.6% during the 4th quarter. Park Avenue Securities LLC now owns 3,821 shares of the construction company's stock worth $943,000 after acquiring an additional 427 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Eagle Materials by 24.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 83,378 shares of the construction company's stock valued at $20,574,000 after purchasing an additional 16,140 shares during the last quarter. Finally, Sheets Smith Wealth Management raised its holdings in shares of Eagle Materials by 3.7% in the 4th quarter. Sheets Smith Wealth Management now owns 2,583 shares of the construction company's stock valued at $637,000 after purchasing an additional 92 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXP has been the subject of a number of analyst reports. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday. Stephens set a $255.00 price objective on Eagle Materials and gave the company an "overweight" rating in a report on Thursday. Truist Financial decreased their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $260.00.

Eagle Materials Stock Performance

Shares of NYSE:EXP traded up $1.11 during trading on Monday, reaching $214.77. The company had a trading volume of 316,775 shares, compared to its average volume of 337,780. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock's fifty day moving average price is $223.74 and its 200 day moving average price is $246.53. Eagle Materials Inc. has a fifty-two week low of $201.61 and a fifty-two week high of $321.93. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 15.34 and a beta of 1.36.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 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 business had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same period in the prior year, the business earned $2.24 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

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.