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

William Blair Investment Management LLC increased its holdings in Eagle Materials Inc (NYSE:EXP) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 615,250 shares of the construction company’s stock after purchasing an additional 3,505 shares during the period. William Blair Investment Management LLC’s holdings in Eagle Materials were worth $143,378,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Frontier Capital Management Co. LLC grew its position in shares of Eagle Materials by 36.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after buying an additional 219,627 shares during the last quarter. American Century Companies Inc. raised its position in shares of Eagle Materials by 2.5% during the third quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock worth $124,532,000 after acquiring an additional 13,104 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Eagle Materials by 14.6% in the third quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock worth $119,179,000 after acquiring an additional 65,072 shares during the period. Bank of New York Mellon Corp boosted its holdings in Eagle Materials by 61.1% in the third 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 during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Eagle Materials by 0.6% in the third quarter. Federated Hermes Inc. now owns 463,693 shares of the construction company’s stock valued at $108,059,000 after acquiring an additional 2,772 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXP shares. Zacks Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. DA Davidson cut their price target on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Truist Financial reiterated 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. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Eagle Materials presently has an average rating of “Hold” and a consensus target price of $228.36.

Eagle Materials Price Performance

EXP stock opened at $223.73 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. The company’s 50-day moving average is $223.09 and its 200-day moving average is $224.83. The stock has a market capitalization of $7.03 billion, a PE ratio of 16.94 and a beta of 1.38. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $243.64.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 earnings per share. Equities research analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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

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.