Eagle Materials Inc $EXP Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. reduced its position in Eagle Materials Inc (NYSE:EXP) by 44.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,923 shares of the construction company’s stock after selling 3,945 shares during the quarter. Linscomb Wealth Inc.’s holdings in Eagle Materials were worth $1,017,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXP. Baupost Group LLC MA grew its position in 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 acquiring an additional 263,403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Eagle Materials in the 3rd quarter valued at about $51,812,000. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 189,725 shares in the last quarter. Cartenna Capital LP acquired a new position in Eagle Materials in the 3rd quarter valued at about $29,480,000. Finally, Ameriprise Financial Inc. grew its position in 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 acquiring an additional 82,679 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EXP shares. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company lifted their target price on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. DA Davidson lowered their price objective on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Finally, Stephens lowered their price objective on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $223.30.

Eagle Materials Stock Performance

Shares of EXP opened at $221.36 on Friday. The stock has a 50 day moving average price of $198.87 and a 200 day moving average price of $210.68. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 16.87 and a beta of 1.38. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $243.64.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results 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 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 firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 earnings per share. Research analysts predict that Eagle Materials Inc will post 13.02 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. Stockholders of record on Monday, June 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s dividend payout ratio is 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.