William Blair Investment Management LLC Has $143.38 Million Stock Position in Eagle Materials Inc $EXP

William Blair Investment Management LLC lifted its holdings in Eagle Materials Inc (NYSE:EXP) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 615,250 shares of the construction company’s stock after acquiring an additional 3,505 shares during the period. William Blair Investment Management LLC owned approximately 1.92% of Eagle Materials worth $143,378,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of EXP. Principal Financial Group Inc. grew its position in Eagle Materials by 14.6% during the third quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock worth $119,179,000 after buying an additional 65,072 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Eagle Materials by 61.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company’s stock valued at $116,630,000 after acquiring an additional 189,725 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Eagle Materials by 486.7% during the 2nd quarter. Osaic Holdings Inc. now owns 14,252 shares of the construction company’s stock valued at $3,047,000 after acquiring an additional 11,823 shares during the period. Intech Investment Management LLC grew its holdings in shares of Eagle Materials by 212.9% during the 2nd quarter. Intech Investment Management LLC now owns 7,610 shares of the construction company’s stock worth $1,538,000 after purchasing an additional 5,178 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Eagle Materials in the second quarter worth $2,001,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Down 1.1%

Shares of NYSE:EXP opened at $223.73 on Friday. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $243.64. The company has a market capitalization of $7.03 billion, a PE ratio of 16.94 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. The company has a fifty day moving average of $223.09 and a 200-day moving average of $224.83.

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

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. Eagle Materials’s dividend payout ratio is currently 7.57%.

Analysts Set New Price Targets

EXP has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Truist Financial reaffirmed a “hold” rating and set a $210.00 price target (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Citigroup decreased their price objective on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a research report on Thursday, January 29th. Finally, Wall Street Zen cut Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Eagle Materials presently has a consensus rating of “Hold” and a consensus target price of $228.36.

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.