Kennedy Capital Management LLC Cuts Stock Holdings in Eagle Materials Inc $EXP

Kennedy Capital Management LLC reduced its stake in Eagle Materials Inc (NYSE:EXP) by 11.2% during the third quarter, HoldingsChannel.com reports. The fund owned 108,908 shares of the construction company’s stock after selling 13,779 shares during the quarter. Eagle Materials comprises approximately 0.6% of Kennedy Capital Management LLC’s holdings, making the stock its 25th biggest position. Kennedy Capital Management LLC’s holdings in Eagle Materials were worth $25,380,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Eagle Materials by 130.9% in the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after buying an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Eagle Materials during the 3rd quarter valued at approximately $30,000. MAI Capital Management increased its stake in Eagle Materials by 3,060.0% in the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after acquiring an additional 87 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of Eagle Materials during the 3rd quarter worth approximately $49,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Down 0.1%

Shares of EXP stock traded down $0.21 on Friday, reaching $186.22. 40,355 shares of the company’s stock were exchanged, compared to its average volume of 495,270. The company’s fifty day simple moving average is $221.25 and its 200 day simple moving average is $222.92. Eagle Materials Inc has a 52 week low of $184.15 and a 52 week high of $243.64. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $5.85 billion, a PE ratio of 14.06 and a beta of 1.35.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same period last year, the company earned $3.59 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is presently 7.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXP. Citigroup cut their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Wells Fargo & Company decreased their target price on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada set a $208.00 price target on Eagle Materials in a research report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $228.36.

Eagle Materials Company 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.