Wealth Enhancement Advisory Services LLC Has $1.35 Million Stock Position in Eagle Materials Inc $EXP

Wealth Enhancement Advisory Services LLC lifted its position in shares of Eagle Materials Inc (NYSE:EXP) by 170.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,222 shares of the construction company’s stock after acquiring an additional 3,920 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Eagle Materials were worth $1,348,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EXP. Focus Partners Wealth raised its holdings in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after purchasing an additional 357 shares during the last quarter. Prudential Financial Inc. lifted its position in Eagle Materials by 38.7% during the 2nd quarter. Prudential Financial Inc. now owns 3,252 shares of the construction company’s stock valued at $657,000 after purchasing an additional 907 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Eagle Materials by 4.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,117 shares of the construction company’s stock valued at $4,672,000 after purchasing an additional 1,011 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Eagle Materials by 36.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,299 shares of the construction company’s stock valued at $667,000 after purchasing an additional 887 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.1%

Eagle Materials stock opened at $188.18 on Friday. The company’s 50 day simple moving average is $208.01 and its 200 day simple moving average is $217.42. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $243.64. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 14.24 and a beta of 1.39. 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 earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.10). The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $3.59 EPS. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company 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 of this dividend is Monday, March 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is 7.57%.

Wall Street Analysts Forecast Growth

EXP has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and set a $245.00 price target on shares of Eagle Materials in a research note on Tuesday, January 20th. Royal Bank Of Canada set a $208.00 price objective on shares of Eagle Materials in a research note on Tuesday, February 24th. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Citigroup dropped their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, Truist Financial reissued a “hold” rating and issued a $210.00 price target (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Eagle Materials currently has a consensus rating of “Hold” and an average price target 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.