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

Moran Wealth Management LLC lowered its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,721 shares of the construction company's stock after selling 1,374 shares during the quarter. Moran Wealth Management LLC owned approximately 0.14% of Eagle Materials worth $10,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Private Trust Co. NA lifted its stake in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares during the last quarter. Huntington National Bank increased its stake in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after purchasing an additional 144 shares during the period. Parallel Advisors LLC increased its stake in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the period. LGT Financial Advisors LLC lifted its position in Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after purchasing an additional 310 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Eagle Materials by 19.4% during the first quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock valued at $111,000 after purchasing an additional 81 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EXP shares. Citigroup dropped 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 report on Wednesday, May 28th. Truist Financial dropped their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. DA Davidson lowered their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Stock Up 1.0%

Shares of EXP traded up $2.02 on Thursday, reaching $202.95. The stock had a trading volume of 323,105 shares, compared to its average volume of 348,987. The company has a 50-day simple moving average of $214.46 and a 200-day simple moving average of $230.76. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 14.75 and a beta of 1.28. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93.

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

Eagle Materials Dividend Announcement

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

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.