Cramer Rosenthal Mcglynn LLC Has $9.78 Million Stake in Eagle Materials Inc $EXP

Cramer Rosenthal Mcglynn LLC cut its position in Eagle Materials Inc (NYSE:EXP) by 63.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,975 shares of the construction company’s stock after selling 72,044 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.13% of Eagle Materials worth $9,782,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Eagle Materials in the second quarter valued at approximately $87,626,000. American Century Companies Inc. grew its holdings in Eagle Materials by 80.9% in the second quarter. American Century Companies Inc. now owns 521,276 shares of the construction company’s stock worth $105,356,000 after purchasing an additional 233,153 shares during the period. Frontier Capital Management Co. LLC increased its position in Eagle Materials by 36.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after buying an additional 219,627 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Eagle Materials by 61.1% during the third quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company’s stock valued at $116,630,000 after acquiring an additional 189,725 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Eagle Materials by 56.9% during the second quarter. Ameriprise Financial Inc. now owns 227,869 shares of the construction company’s stock worth $46,047,000 after buying an additional 82,679 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $205.66 on Friday. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $243.64. 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 company has a 50-day moving average price of $222.97 and a 200-day moving average price of $224.24. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 15.57 and a beta of 1.35.

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 the consensus estimate of $3.32 by ($0.10). The business had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. Eagle Materials’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $3.59 earnings per share. As a group, equities analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s payout ratio is presently 7.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EXP shares. Wells Fargo & Company dropped their target price on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Thursday, January 29th. Citigroup dropped their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. DA Davidson decreased their price objective on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Truist Financial reissued a “hold” rating and set a $210.00 target price (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Finally, Zacks Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.