Brown Advisory Inc. Boosts Stock Position in Eagle Materials Inc. (NYSE:EXP)

Brown Advisory Inc. grew its stake in Eagle Materials Inc. (NYSE:EXPGet Rating) by 2.2% in the first quarter, Holdings Channel.com reports. The firm owned 511,157 shares of the construction company’s stock after acquiring an additional 11,230 shares during the quarter. Brown Advisory Inc.’s holdings in Eagle Materials were worth $66,219,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EXP. National Asset Management Inc. grew its position in Eagle Materials by 5.9% in the fourth quarter. National Asset Management Inc. now owns 2,294 shares of the construction company’s stock worth $383,000 after acquiring an additional 128 shares during the period. Commonwealth Equity Services LLC grew its position in Eagle Materials by 20.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,553 shares of the construction company’s stock worth $424,000 after acquiring an additional 437 shares during the period. State of New Jersey Common Pension Fund D grew its position in Eagle Materials by 3.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 23,253 shares of the construction company’s stock worth $3,871,000 after acquiring an additional 722 shares during the period. Vestmark Advisory Solutions Inc. purchased a new position in Eagle Materials in the fourth quarter worth approximately $277,000. Finally, CWM LLC purchased a new position in Eagle Materials in the fourth quarter worth approximately $34,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on EXP shares. Stephens lowered their price objective on Eagle Materials to $170.00 in a research report on Tuesday, July 26th. JPMorgan Chase & Co. lowered Eagle Materials from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $165.00 to $130.00 in a research report on Wednesday, July 20th. DA Davidson decreased their price target on Eagle Materials from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, May 20th. Truist Financial decreased their price target on Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, May 23rd. Finally, StockNews.com upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has an average rating of “Moderate Buy” and a consensus price target of $161.73.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, EVP James H. Graass sold 9,092 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $125.02, for a total value of $1,136,681.84. Following the sale, the executive vice president now directly owns 20,090 shares in the company, valued at $2,511,651.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Eagle Materials news, EVP James H. Graass sold 2,856 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $131.02, for a total value of $374,193.12. Following the sale, the executive vice president now directly owns 14,294 shares in the company, valued at $1,872,799.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James H. Graass sold 9,092 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $125.02, for a total value of $1,136,681.84. Following the transaction, the executive vice president now directly owns 20,090 shares in the company, valued at approximately $2,511,651.80. The disclosure for this sale can be found here. Insiders have sold a total of 17,776 shares of company stock worth $2,214,229 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Up 0.1 %

Shares of NYSE EXP opened at $127.83 on Friday. The stock has a market cap of $4.82 billion, a P/E ratio of 13.26 and a beta of 1.29. The company has a current ratio of 2.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.00. Eagle Materials Inc. has a 12-month low of $105.34 and a 12-month high of $169.15. The business’s fifty day simple moving average is $119.48 and its 200-day simple moving average is $127.59.

Eagle Materials (NYSE:EXPGet Rating) last announced its quarterly earnings data on Thursday, May 19th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. The business had revenue of $413.10 million for the quarter, compared to analysts’ expectations of $400.68 million. Eagle Materials had a return on equity of 33.25% and a net margin of 19.72%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the firm earned $1.56 earnings per share. As a group, equities analysts predict that Eagle Materials Inc. will post 11.5 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, June 15th. Eagle Materials’s dividend payout ratio is presently 10.37%.

Eagle Materials Company Profile

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures.

Further Reading

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

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