Eagle Materials Inc $EXP Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 387,275 shares of the construction company’s stock after selling 31,701 shares during the period. Epoch Investment Partners Inc.’s holdings in Eagle Materials were worth $80,042,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EXP. Focus Partners Wealth boosted its stake in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after purchasing an additional 357 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares during the period. First Trust Advisors LP boosted its stake in Eagle Materials by 5.8% during the 2nd 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. boosted its stake in Eagle Materials by 8.0% during the 2nd 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 boosted its stake in Eagle Materials by 359.9% during the 2nd 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.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of recent research reports. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Wells Fargo & Company increased their price target on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research note on Wednesday, May 20th. Finally, Citigroup decreased their price target on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $224.30.

Eagle Materials Stock Down 1.0%

EXP stock opened at $214.86 on Friday. Eagle Materials Inc has a one year low of $171.99 and a one year high of $243.64. The stock has a market capitalization of $6.65 billion, a PE ratio of 16.38 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. The company has a fifty day moving average of $205.45 and a 200-day moving average of $211.51.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company had revenue of $479.11 million during the quarter, compared to analysts’ expectations of $451.99 million. During the same quarter last year, the business earned $2.00 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts expect that Eagle Materials Inc will post 13.02 EPS for the current 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.62%.

About Eagle Materials

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.