Hourglass Capital LLC reduced its stake in Eagle Materials, Inc. (NYSE:EXP) by 3.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 38,620 shares of the construction company’s stock after selling 1,490 shares during the quarter. Hourglass Capital LLC’s holdings in Eagle Materials were worth $3,292,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Eagle Materials in the 2nd quarter worth about $114,000. Avestar Capital LLC lifted its holdings in Eagle Materials by 2,356.4% during the third quarter. Avestar Capital LLC now owns 2,309 shares of the construction company’s stock valued at $178,000 after purchasing an additional 2,215 shares during the last quarter. Cerebellum GP LLC lifted its holdings in Eagle Materials by 330.9% during the third quarter. Cerebellum GP LLC now owns 2,150 shares of the construction company’s stock valued at $183,000 after purchasing an additional 1,651 shares during the last quarter. Sawtooth Solutions LLC purchased a new stake in Eagle Materials during the second quarter valued at about $244,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Eagle Materials during the third quarter valued at about $248,000. 92.12% of the stock is currently owned by institutional investors.

Shares of NYSE EXP opened at $72.50 on Monday. Eagle Materials, Inc. has a one year low of $64.95 and a one year high of $122.49. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.15). Eagle Materials had a net margin of 19.54% and a return on equity of 19.03%. The business had revenue of $381.50 million for the quarter, compared to the consensus estimate of $401.04 million. During the same quarter in the previous year, the business earned $1.31 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Eagle Materials, Inc. will post 5.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, December 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, December 20th. Eagle Materials’s payout ratio is currently 9.48%.

EXP has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Eagle Materials from $122.00 to $111.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price target on shares of Eagle Materials in a report on Thursday, October 4th. ValuEngine cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Macquarie assumed coverage on shares of Eagle Materials in a research report on Wednesday, September 26th. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.86.

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Eagle Materials Profile

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.

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

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