Eagle Materials Inc $EXP Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in Eagle Materials Inc (NYSE:EXP) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,843 shares of the construction company’s stock after selling 39,665 shares during the quarter. Brown Advisory Inc. owned 1.35% of Eagle Materials worth $87,807,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXP. Clearstead Advisors LLC increased its position in shares of Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares during the last quarter. IFP Advisors Inc increased its position in shares of Eagle Materials by 389.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after acquiring an additional 109 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Eagle Materials during the fourth quarter worth about $29,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Eagle Materials during the third quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Eagle Materials during the third quarter worth about $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Citigroup dropped their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Stephens dropped their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $224.30.

Eagle Materials Stock Down 0.2%

NYSE:EXP opened at $214.86 on Monday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 16.38 and a beta of 1.37. Eagle Materials Inc has a one year low of $171.99 and a one year high of $243.64. The stock has a 50-day simple moving average of $205.45 and a 200 day simple moving average of $211.52. 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 posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. The business had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $2.00 earnings per share. Sell-side analysts predict that Eagle Materials Inc will post 13.02 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.62%.

Eagle Materials 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.