Inspire Investing LLC Has $359,000 Position in Eagle Materials Inc. (NYSE:EXP)

Inspire Investing LLC reduced its holdings in Eagle Materials Inc. (NYSE:EXP) by 65.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,321 shares of the construction company’s stock after selling 2,503 shares during the period. Inspire Investing LLC’s holdings in Eagle Materials were worth $359,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EXP. YHB Investment Advisors Inc. acquired a new position in Eagle Materials in the first quarter valued at approximately $27,000. Tompkins Financial Corp acquired a new position in Eagle Materials in the first quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in Eagle Materials in the first quarter valued at approximately $27,000. Global Wealth Management Investment Advisory Inc. acquired a new position in Eagle Materials in the fourth quarter valued at approximately $30,000. Finally, Planned Solutions Inc. acquired a new position in Eagle Materials in the fourth quarter valued at approximately $35,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXP has been the topic of several analyst reports. Stifel Nicolaus cut their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Stephens increased their target price on shares of Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Raymond James increased their target price on shares of Eagle Materials from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Loop Capital cut their target price on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $280.75.

Eagle Materials Stock Down 1.9 %

Shares of NYSE:EXP traded down $4.56 during midday trading on Wednesday, reaching $241.14. 9,641 shares of the company were exchanged, compared to its average volume of 307,538. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $276.61. The company has a quick ratio of 1.06, a current ratio of 2.62 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $232.59 and a two-hundred day simple moving average of $238.60. The firm has a market cap of $8.17 billion, a PE ratio of 18.04 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The company had revenue of $476.70 million for the quarter, compared to analyst estimates of $480.20 million. During the same quarter in the previous year, the business earned $2.79 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that Eagle Materials Inc. will post 15.69 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, June 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.