William Blair Investment Management LLC Has $115.48 Million Stake in Eagle Materials Inc $EXP

William Blair Investment Management LLC trimmed its position in Eagle Materials Inc (NYSE:EXP) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 558,744 shares of the construction company’s stock after selling 56,506 shares during the quarter. William Blair Investment Management LLC owned 1.78% of Eagle Materials worth $115,481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EXP. Baupost Group LLC MA boosted its stake in shares of Eagle Materials by 39.0% in the 3rd quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after purchasing an additional 263,403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Eagle Materials in the 3rd quarter valued at $51,812,000. Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 189,725 shares in the last quarter. Cartenna Capital LP acquired a new stake in shares of Eagle Materials in the 3rd quarter valued at $29,480,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Eagle Materials by 56.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 227,869 shares of the construction company’s stock valued at $46,047,000 after purchasing an additional 82,679 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.1%

EXP stock opened at $199.30 on Friday. The company has a quick ratio of 2.68, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $196.32 and a two-hundred day moving average price of $210.49. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 15.19 and a beta of 1.38. Eagle Materials Inc has a twelve month low of $171.99 and a twelve month high of $243.64.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The firm had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. Analysts anticipate that Eagle Materials Inc will post 12.6 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EXP. DA Davidson reduced their target price on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Jefferies Financial Group restated a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a report on Wednesday. Wells Fargo & Company increased their target price on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Citigroup decreased their price target on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada increased their target price on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $223.30.

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.