JPMorgan Chase & Co. Has $435.61 Million Holdings in Eagle Materials Inc $EXP

JPMorgan Chase & Co. decreased its stake in shares of Eagle Materials Inc (NYSE:EXP) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,869,244 shares of the construction company’s stock after selling 160,000 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of Eagle Materials worth $435,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of EXP. Focus Partners Wealth boosted its stake in Eagle Materials by 21.5% during the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after acquiring an additional 357 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Eagle Materials during the second quarter valued at about $403,000. Paralel Advisors LLC raised its holdings in shares of Eagle Materials by 30.3% during the second quarter. Paralel Advisors LLC now owns 12,039 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 2,799 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after buying an additional 80 shares during the period. Finally, Leeward Investments LLC MA increased its position in Eagle Materials by 23.3% in the 2nd quarter. Leeward Investments LLC MA now owns 44,235 shares of the construction company’s stock valued at $8,940,000 after buying an additional 8,358 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on EXP shares. Stephens reissued an “equal weight” rating and issued a $245.00 price objective on shares of Eagle Materials in a research note on Tuesday, January 20th. Jefferies Financial Group reissued a “hold” rating and issued a $226.00 price target on shares of Eagle Materials in a research report on Monday, November 3rd. Zacks Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Finally, DA Davidson reduced their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $230.40.

Eagle Materials Stock Up 0.7%

EXP opened at $231.26 on Thursday. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $248.03. The firm has a market capitalization of $7.27 billion, a P/E ratio of 17.51 and a beta of 1.38. The company’s 50-day moving average is $222.27 and its 200 day moving average is $224.66. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same period in the previous year, the company posted $3.59 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.57%.

Eagle Materials 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.