Rhumbline Advisers Sells 1,508 Shares of Eagle Materials Inc. (NYSE:EXP)

Rhumbline Advisers decreased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 100,437 shares of the construction company's stock after selling 1,508 shares during the period. Rhumbline Advisers owned approximately 0.31% of Eagle Materials worth $22,290,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EXP. Private Trust Co. NA increased its stake in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares during the period. Parallel Advisors LLC raised its holdings in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after buying an additional 52 shares during the last quarter. Huntington National Bank raised its holdings in shares of 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 acquiring an additional 144 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of 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 in the last quarter. Finally, Transce3nd LLC bought a new position in Eagle Materials during the 4th quarter valued at $125,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Up 0.9%

NYSE EXP traded up $1.73 on Tuesday, hitting $203.62. The company's stock had a trading volume of 377,438 shares, compared to its average volume of 346,809. The firm has a market cap of $6.66 billion, a P/E ratio of 14.54 and a beta of 1.28. Eagle Materials Inc. has a 52-week low of $195.80 and a 52-week high of $321.93. The company's 50-day simple moving average is $218.75 and its 200 day simple moving average is $238.39. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 34.14% and a net margin of 20.91%. The company had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. During the same quarter last year, the company posted $2.24 earnings per share. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business 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 is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.49%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Citigroup reduced their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the stock a "hold" rating in a report on Wednesday, May 21st. Finally, Truist Financial lowered their target price 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $254.44.

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.