Moran Wealth Management LLC Sells 1,374 Shares of Eagle Materials Inc (NYSE:EXP)

Moran Wealth Management LLC reduced its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,721 shares of the construction company's stock after selling 1,374 shares during the period. Moran Wealth Management LLC owned about 0.14% of Eagle Materials worth $10,591,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hi Line Capital Management LLC purchased a new position in Eagle Materials in the 1st quarter worth approximately $4,770,000. Two Sigma Advisers LP increased its stake in Eagle Materials by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 22,400 shares of the construction company's stock worth $5,527,000 after purchasing an additional 1,800 shares during the period. Ausbil Investment Management Ltd increased its stake in Eagle Materials by 469.7% in the 1st quarter. Ausbil Investment Management Ltd now owns 2,951 shares of the construction company's stock worth $655,000 after purchasing an additional 2,433 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in Eagle Materials in the 4th quarter worth approximately $28,778,000. Finally, Two Sigma Investments LP increased its stake in Eagle Materials by 329.5% in the 4th quarter. Two Sigma Investments LP now owns 24,296 shares of the construction company's stock worth $5,995,000 after purchasing an additional 18,639 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Up 0.7%

EXP traded up $1.39 during trading on Friday, reaching $204.38. The stock had a trading volume of 1,027,988 shares, compared to its average volume of 350,649. The stock's 50 day moving average is $213.93 and its two-hundred day moving average is $229.35. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 14.85 and a beta of 1.28. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The firm had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. Eagle Materials's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.24 EPS. As a group, analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXP shares. Loop Capital reduced their target price on Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. DA Davidson reduced their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Truist Financial reduced their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. 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, Citigroup reduced their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.