King Luther Capital Management Corp Sells 3,822 Shares of Eagle Materials Inc $EXP

King Luther Capital Management Corp trimmed its position in shares of Eagle Materials Inc (NYSE:EXP) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,271 shares of the construction company’s stock after selling 3,822 shares during the period. King Luther Capital Management Corp owned about 0.08% of Eagle Materials worth $5,430,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXP. Clearstead Advisors LLC raised its holdings in shares of Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after buying an additional 96 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Eagle Materials during the 3rd quarter valued at about $30,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Eagle Materials during the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on EXP shares. Stephens reduced their target price on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. DA Davidson reduced their target price on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Royal Bank Of Canada raised their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company increased their target price on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.30.

Eagle Materials Trading Up 1.8%

NYSE:EXP opened at $218.57 on Friday. The company has a fifty day moving average of $198.12 and a 200 day moving average of $210.60. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $243.64. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $6.76 billion, a P/E ratio of 16.66 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. The business had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 EPS. On average, research analysts predict that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s payout ratio is currently 7.62%.

Eagle Materials Company 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.