Eagle Materials Inc $EXP Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 81.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,142 shares of the construction company’s stock after selling 13,877 shares during the period. State of Alaska Department of Revenue’s holdings in Eagle Materials were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC raised its position in shares of Eagle Materials by 1.5% during the 3rd quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock worth $690,000 after acquiring an additional 45 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in Eagle Materials by 1.8% in the third quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock valued at $652,000 after purchasing an additional 49 shares in the last quarter. Caisse de depot et placement du Quebec increased its stake in Eagle Materials by 3.6% in the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after purchasing an additional 50 shares during the last quarter. Signaturefd LLC increased its stake in Eagle Materials by 15.8% in the fourth quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after purchasing an additional 53 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Eagle Materials by 20.3% during the third quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock worth $76,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th. Wall Street Zen downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Citigroup decreased their price objective on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Finally, DA Davidson dropped their price objective on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus target price of $228.82.

Eagle Materials Price Performance

EXP stock opened at $208.46 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $6.55 billion, a P/E ratio of 15.78 and a beta of 1.39. The business has a 50 day simple moving average of $201.72 and a 200-day simple moving average of $214.38. Eagle Materials Inc has a twelve month low of $171.99 and a twelve month high of $243.64.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The business had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same period in the previous year, the firm earned $3.59 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. As a group, equities analysts anticipate that Eagle Materials Inc will post 12.74 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 16th were paid a $0.25 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials’s payout ratio is currently 7.57%.

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.