GW&K Investment Management LLC Has $72.81 Million Stock Holdings in Eagle Materials Inc $EXP

GW&K Investment Management LLC trimmed its position in shares of Eagle Materials Inc (NYSE:EXP) by 3.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 312,422 shares of the construction company’s stock after selling 12,020 shares during the quarter. GW&K Investment Management LLC’s holdings in Eagle Materials were worth $72,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Eagle Materials by 130.9% during the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after purchasing an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Eagle Materials in the third quarter valued at $30,000. Hantz Financial Services Inc. lifted its position in Eagle Materials by 7,750.0% in the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after purchasing an additional 155 shares during the period. MAI Capital Management lifted its position in Eagle Materials by 3,060.0% in the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after purchasing an additional 153 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $211.59 on Thursday. 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 stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 16.02 and a beta of 1.35. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $243.64. The firm’s 50-day moving average price is $223.14 and its two-hundred day moving average price is $224.37.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $3.59 EPS. On average, equities analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is 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%.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of recent research reports. Royal Bank Of Canada set a $208.00 price objective on shares of Eagle Materials in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $215.00 target price (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Citigroup dropped their price target on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Wall Street Zen downgraded Eagle Materials from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average price target of $228.36.

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.