Legal & General Group Plc Has $9.44 Million Stock Position in Eagle Materials Inc $EXP

Legal & General Group Plc decreased its stake in Eagle Materials Inc (NYSE:EXP) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,684 shares of the construction company’s stock after selling 2,793 shares during the period. Legal & General Group Plc owned approximately 0.15% of Eagle Materials worth $9,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Focus Partners Wealth lifted its holdings in shares of Eagle Materials by 21.5% during the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after acquiring an additional 357 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after buying an additional 87 shares during the last quarter. First Trust Advisors LP increased its position in Eagle Materials by 5.8% in the second quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock worth $20,609,000 after purchasing an additional 5,612 shares during the period. Baird Financial Group Inc. increased its position in Eagle Materials by 8.0% in the second quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock worth $276,000 after purchasing an additional 101 shares during the period. Finally, Jump Financial LLC increased its position in Eagle Materials by 359.9% in the second quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock worth $2,528,000 after purchasing an additional 9,790 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Down 0.3%

Shares of NYSE EXP opened at $217.82 on Friday. The stock’s fifty day moving average is $202.10 and its 200 day moving average is $211.13. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $243.64. The stock has a market capitalization of $6.74 billion, a P/E ratio of 16.60 and a beta of 1.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $2.00 earnings per share. Sell-side analysts forecast that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 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, June 15th. Eagle Materials’s dividend payout ratio is presently 7.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EXP shares. Citigroup decreased their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. Stephens reduced their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company upped their price objective on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus price target of $224.30.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.