Brown Advisory Inc. Trims Stock Position in Eagle Materials Inc $EXP

Brown Advisory Inc. lessened its stake in shares of Eagle Materials Inc (NYSE:EXP) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245,827 shares of the construction company’s stock after selling 45,351 shares during the quarter. Brown Advisory Inc.’s holdings in Eagle Materials were worth $49,684,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its position in Eagle Materials by 7,750.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after purchasing an additional 155 shares in the last quarter. MAI Capital Management boosted its stake in shares of Eagle Materials by 3,060.0% during the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Eagle Materials in the first quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after buying an additional 80 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Trading Up 0.0%

EXP opened at $221.91 on Friday. The firm’s 50 day moving average is $222.14 and its 200-day moving average is $220.19. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $301.35. The company has a quick ratio of 1.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $7.11 billion, a P/E ratio of 16.38 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a net margin of 19.41% and a return on equity of 30.13%. The business had revenue of $638.91 million during the quarter, compared to analysts’ expectations of $635.55 million. During the same period in the prior year, the company posted $4.31 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th. Eagle Materials’s dividend payout ratio is currently 7.38%.

Insiders Place Their Bets

In related news, Director David E. Rush purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the transaction, the director owned 4,173 shares of the company’s stock, valued at $868,317.84. This trade represents a 31.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EXP has been the topic of a number of recent analyst reports. Citigroup reduced their price target on Eagle Materials from $255.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group reiterated a “hold” rating and set a $226.00 target price on shares of Eagle Materials in a research report on Monday, November 3rd. Stifel Nicolaus set a $246.00 price target on Eagle Materials in a report on Monday, October 27th. DA Davidson dropped their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Eagle Materials has a consensus rating of “Hold” and an average target price of $243.30.

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.