Edgestream Partners L.P. Has $2.22 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

Edgestream Partners L.P. cut its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,166 shares of the construction company’s stock after selling 284 shares during the period. Edgestream Partners L.P.’s holdings in Eagle Materials were worth $2,219,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Frontier Capital Management Co. LLC grew its stake in shares of Eagle Materials by 7.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 957,818 shares of the construction company’s stock worth $194,284,000 after purchasing an additional 63,636 shares during the period. TD Asset Management Inc grew its stake in Eagle Materials by 5.5% in the first quarter. TD Asset Management Inc now owns 919,714 shares of the construction company’s stock valued at $249,932,000 after acquiring an additional 47,744 shares during the period. Dimensional Fund Advisors LP grew its stake in Eagle Materials by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 716,585 shares of the construction company’s stock valued at $145,356,000 after acquiring an additional 14,416 shares during the period. Epoch Investment Partners Inc. grew its stake in Eagle Materials by 133.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 662,628 shares of the construction company’s stock valued at $134,407,000 after acquiring an additional 378,296 shares during the period. Finally, Norges Bank acquired a new position in Eagle Materials in the fourth quarter valued at about $88,925,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Up 2.0 %

EXP traded up $4.68 on Monday, hitting $234.60. 268,750 shares of the company were exchanged, compared to its average volume of 310,559. Eagle Materials Inc. has a 12 month low of $145.03 and a 12 month high of $276.61. The company has a market cap of $7.94 billion, a PE ratio of 17.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 2.62. The stock’s fifty day moving average is $230.32 and its 200-day moving average is $239.24.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.48). The company had revenue of $476.70 million for the quarter, compared to the consensus estimate of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.79 EPS. Equities research analysts predict that Eagle Materials Inc. will post 15.58 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, June 17th were paid a $0.25 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.00 annualized dividend and a yield of 0.43%. Eagle Materials’s dividend payout ratio is 7.34%.

Analyst Ratings Changes

A number of research firms have issued reports on EXP. Stifel Nicolaus decreased their target price on Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Stephens boosted their price target on Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. The Goldman Sachs Group boosted their price target on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Truist Financial boosted their price target on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Loop Capital cut their price target on Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $281.00.

Eagle Materials 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.