Thrivent Financial for Lutherans Sells 2,808 Shares of Eagle Materials Inc $EXP

Thrivent Financial for Lutherans decreased its position in shares of Eagle Materials Inc (NYSE:EXP) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,580 shares of the construction company’s stock after selling 2,808 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Eagle Materials were worth $1,773,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Eagle Materials by 14.6% during the 3rd quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock worth $119,179,000 after purchasing an additional 65,072 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Eagle Materials by 61.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company’s stock worth $116,630,000 after purchasing an additional 189,725 shares during the last quarter. Lighthouse Investment Partners LLC raised its holdings in Eagle Materials by 743.8% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 34,317 shares of the construction company’s stock worth $7,997,000 after purchasing an additional 30,250 shares during the last quarter. Cambiar Investors LLC bought a new position in Eagle Materials during the 4th quarter worth approximately $1,321,000. Finally, Madison Asset Management LLC bought a new position in Eagle Materials during the 3rd quarter worth approximately $1,976,000. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the subject of several analyst reports. Royal Bank Of Canada raised their price target on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a research note on Wednesday, May 20th. Finally, Stephens lowered their price objective on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $223.30.

Eagle Materials Stock Performance

Shares of EXP stock opened at $215.06 on Thursday. The firm has a market capitalization of $6.66 billion, a PE ratio of 16.39 and a beta of 1.38. The firm has a fifty day simple moving average of $197.52 and a two-hundred day simple moving average of $210.52. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64.

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 business had revenue of $479.11 million during the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. Eagle Materials’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS. Analysts forecast that Eagle Materials Inc will post 12.6 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.25 per share. 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 payout ratio 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.