Eagle Materials Inc $EXP Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in Eagle Materials Inc (NYSE:EXP) by 48.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,320 shares of the construction company’s stock after selling 3,148 shares during the quarter. Intech Investment Management LLC’s holdings in Eagle Materials were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Caisse de depot et placement du Quebec boosted its holdings in shares of Eagle Materials by 3.6% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after purchasing an additional 50 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Eagle Materials by 15.8% in the 4th quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after purchasing an additional 53 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Eagle Materials by 20.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after acquiring an additional 55 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 5.9% during the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock valued at $217,000 after acquiring an additional 58 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Eagle Materials by 2.6% during the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock valued at $498,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a report on Wednesday, May 20th. Citigroup reduced their target price on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $224.30.

Eagle Materials Price Performance

EXP opened at $207.06 on Tuesday. The company has a 50-day moving average of $203.08 and a 200-day moving average of $211.26. The company has a market capitalization of $6.41 billion, a P/E ratio of 15.78 and a beta of 1.37. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $243.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.32. The company had revenue of $479.11 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $2.00 EPS. Equities analysts expect that Eagle Materials Inc will post 13.02 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is presently 7.62%.

About Eagle Materials

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.