GW&K Investment Management LLC Sells 12,855 Shares of Eagle Materials Inc $EXP

GW&K Investment Management LLC trimmed its holdings in Eagle Materials Inc (NYSE:EXP) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 299,567 shares of the construction company’s stock after selling 12,855 shares during the quarter. GW&K Investment Management LLC’s holdings in Eagle Materials were worth $61,916,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Cerity Partners LLC lifted its holdings in shares of Eagle Materials by 43.7% in the 4th quarter. Cerity Partners LLC now owns 17,851 shares of the construction company’s stock worth $3,689,000 after acquiring an additional 5,425 shares during the last quarter. ING Groep NV bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $1,075,000. Los Angeles Capital Management LLC bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $29,000. Global Alpha Capital Management Ltd. lifted its holdings in shares of Eagle Materials by 32.7% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 192,746 shares of the construction company’s stock worth $39,837,000 after acquiring an additional 47,453 shares during the last quarter. Finally, Havemeyer Place LP bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $257,000. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on EXP shares. Royal Bank Of Canada lifted their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. Wells Fargo & Company lifted their target price on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $224.30.

Eagle Materials Stock Up 5.0%

Shares of Eagle Materials stock opened at $217.22 on Wednesday. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. The company’s fifty day simple moving average is $203.78 and its two-hundred day simple moving average is $211.36. The company has a market cap of $6.72 billion, a P/E ratio of 16.56 and a beta of 1.37. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $243.64.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The business had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 EPS. Research analysts anticipate that Eagle Materials Inc will post 13.02 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is currently 7.62%.

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.