Eagle Materials Inc $EXP Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Eagle Materials Inc (NYSE:EXP) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,523 shares of the construction company’s stock after selling 255 shares during the period. Yousif Capital Management LLC’s holdings in Eagle Materials were worth $2,329,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXP. SVB Wealth LLC acquired a new stake in Eagle Materials in the 1st quarter worth about $41,000. Private Trust Co. NA boosted its holdings in Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock worth $63,000 after buying an additional 80 shares during the last quarter. Assetmark Inc. boosted its holdings in Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock worth $87,000 after buying an additional 326 shares during the last quarter. Signaturefd LLC boosted its holdings in Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock worth $103,000 after buying an additional 131 shares during the last quarter. Finally, Transce3nd LLC boosted its holdings in Eagle Materials by 9.7% in the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock worth $122,000 after buying an additional 49 shares during the last quarter. 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 research analyst reports. Loop Capital lifted their price objective on Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their target price on Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. Wells Fargo & Company upgraded Eagle Materials to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Hold” and an average target price of $255.40.

Eagle Materials Trading Down 0.5%

EXP opened at $237.28 on Friday. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The stock has a market capitalization of $7.70 billion, a PE ratio of 17.47 and a beta of 1.31. The business’s 50 day moving average price is $232.98 and its 200 day moving average price is $222.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.03. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The firm had revenue of $634.69 million for the quarter, compared to analysts’ expectations of $611.52 million. As a group, equities research analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, September 15th were issued a $0.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s dividend payout ratio is currently 7.36%.

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.