Eagle Materials Inc $EXP Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its stake in Eagle Materials Inc (NYSE:EXP) by 15.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,319 shares of the construction company’s stock after buying an additional 13,147 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.31% of Eagle Materials worth $23,145,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its holdings in shares of Eagle Materials by 1.5% in the third quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock worth $690,000 after acquiring an additional 45 shares during the last quarter. Sheets Smith Wealth Management increased its position in Eagle Materials by 1.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock worth $652,000 after purchasing an additional 49 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Eagle Materials by 20.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after purchasing an additional 55 shares during the last quarter. ProShare Advisors LLC raised its stake in Eagle Materials by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 1,474 shares of the construction company’s stock valued at $298,000 after purchasing an additional 56 shares during the last quarter. Finally, BCS Private Wealth Management Inc. lifted its holdings in Eagle Materials by 3.5% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 1,799 shares of the construction company’s stock valued at $420,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EXP shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Stephens restated an “equal weight” rating and set a $245.00 target price on shares of Eagle Materials in a research report on Tuesday, January 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $226.00 target price on shares of Eagle Materials in a research note on Monday, November 3rd. Truist Financial reissued a “hold” rating and set a $210.00 price target (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Finally, Zacks Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.36.

Eagle Materials Trading Down 2.0%

Shares of EXP opened at $219.24 on Tuesday. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $243.64. The firm has a market capitalization of $6.89 billion, a P/E ratio of 16.60 and a beta of 1.35. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The stock’s fifty day simple moving average is $223.19 and its 200 day simple moving average is $224.61.

Eagle Materials (NYSE:EXP) last announced its quarterly 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 for the quarter, compared to analyst estimates of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.59 earnings per share. On average, equities research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) 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.