Evermay Wealth Management LLC Takes $61,000 Position in Eagle Materials Inc. (NYSE:EXP)

Evermay Wealth Management LLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXPFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 300 shares of the construction company’s stock, valued at approximately $61,000.

A number of other institutional investors have also recently made changes to their positions in the company. Chesapeake Capital Corp IL purchased a new position in shares of Eagle Materials during the fourth quarter valued at about $1,086,000. High Ground Investment Management LLP purchased a new position in Eagle Materials in the fourth quarter worth about $4,955,000. Intech Investment Management LLC grew its position in Eagle Materials by 2.6% in the fourth quarter. Intech Investment Management LLC now owns 6,202 shares of the construction company’s stock worth $1,258,000 after acquiring an additional 159 shares in the last quarter. King Luther Capital Management Corp grew its position in Eagle Materials by 7.7% in the fourth quarter. King Luther Capital Management Corp now owns 23,174 shares of the construction company’s stock worth $4,701,000 after acquiring an additional 1,654 shares in the last quarter. Finally, Assetmark Inc. grew its position in Eagle Materials by 233.9% in the fourth quarter. Assetmark Inc. now owns 374 shares of the construction company’s stock worth $76,000 after acquiring an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on EXP shares. StockNews.com upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Stifel Nicolaus decreased their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Loop Capital decreased their price objective on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $279.67.

Read Our Latest Report on EXP

Eagle Materials Trading Up 1.1 %

Shares of Eagle Materials stock traded up $2.68 on Monday, hitting $238.27. 216,700 shares of the company traded hands, compared to its average volume of 295,802. The company has a market cap of $8.08 billion, a PE ratio of 17.49 and a beta of 1.35. Eagle Materials Inc. has a 52 week low of $145.03 and a 52 week high of $276.61. The company has a current ratio of 2.62, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $258.13 and its 200-day moving average price is $229.07.

Eagle Materials (NYSE:EXPGet Free Report) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The business had revenue of $476.70 million during the quarter, compared to the consensus estimate of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.79 EPS. Equities research analysts predict that Eagle Materials Inc. will post 15.95 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 17th. Eagle Materials’s dividend payout ratio (DPR) is 7.34%.

Eagle Materials Profile

(Free Report)

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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