Eagle Materials Inc. (NYSE:EXP) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC raised its stake in Eagle Materials Inc. (NYSE:EXPGet Rating) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 433,111 shares of the construction company’s stock after acquiring an additional 22,071 shares during the quarter. GW&K Investment Management LLC owned approximately 1.10% of Eagle Materials worth $72,095,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EXP. First Trust Advisors LP lifted its holdings in Eagle Materials by 8.6% in the first quarter. First Trust Advisors LP now owns 57,097 shares of the construction company’s stock valued at $4,813,000 after acquiring an additional 4,501 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in Eagle Materials by 4,574.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 72,872 shares of the construction company’s stock valued at $6,143,000 after acquiring an additional 71,313 shares during the period. Morgan Stanley lifted its holdings in Eagle Materials by 154.0% in the second quarter. Morgan Stanley now owns 183,038 shares of the construction company’s stock valued at $26,012,000 after acquiring an additional 110,972 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Eagle Materials by 16.4% in the third quarter. Advisor Group Holdings Inc. now owns 6,127 shares of the construction company’s stock valued at $806,000 after buying an additional 865 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Eagle Materials by 9.7% in the third quarter. CIBC Asset Management Inc now owns 1,720 shares of the construction company’s stock valued at $226,000 after buying an additional 152 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

A number of analysts have recently commented on EXP shares. The Goldman Sachs Group cut their price objective on Eagle Materials from $190.00 to $162.00 and set a “buy” rating for the company in a research report on Friday. Citigroup cut their price objective on Eagle Materials from $194.00 to $175.00 in a research report on Friday, January 28th. StockNews.com initiated coverage on Eagle Materials in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Loop Capital dropped their price target on Eagle Materials from $170.00 to $155.00 in a research report on Friday, January 28th. Finally, DA Davidson dropped their price target on Eagle Materials from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $166.36.

Shares of Eagle Materials stock traded down $4.37 during trading hours on Friday, hitting $121.85. The company’s stock had a trading volume of 418,216 shares, compared to its average volume of 350,291. Eagle Materials Inc. has a twelve month low of $114.55 and a twelve month high of $169.15. The firm has a fifty day moving average of $126.17 and a 200-day moving average of $143.10. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 13.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 2.13.

Eagle Materials (NYSE:EXPGet Rating) last announced its quarterly earnings results on Thursday, May 19th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.73 by $0.17. Eagle Materials had a return on equity of 30.51% and a net margin of 20.10%. The business had revenue of $413.10 million for the quarter, compared to analyst estimates of $400.68 million. During the same quarter in the prior year, the company posted $1.56 EPS. The company’s quarterly revenue was up 20.3% on a year-over-year basis. On average, sell-side analysts expect that Eagle Materials Inc. will post 10.88 earnings per share for the current fiscal year.

Eagle Materials Company Profile (Get Rating)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

Further Reading

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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