Eagle Materials Inc $EXP Stock Holdings Decreased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its position in shares of Eagle Materials Inc (NYSE:EXP) by 24.3% during the first quarter, Holdings Channel reports. The fund owned 56,769 shares of the construction company’s stock after selling 18,221 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Eagle Materials were worth $10,755,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC boosted its stake in Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after purchasing an additional 96 shares during the period. Los Angeles Capital Management LLC purchased a new position in Eagle Materials during the 4th quarter worth approximately $29,000. IFP Advisors Inc raised its stake in Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after purchasing an additional 109 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Eagle Materials during the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.3%

EXP stock opened at $220.88 on Friday. The company has a 50 day moving average of $213.59 and a two-hundred day moving average of $211.80. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 16.83 and a beta of 1.37. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $245.53. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business had revenue of $479.11 million for the quarter, compared to analysts’ expectations of $451.99 million. During the same period in the previous year, the company posted $2.00 EPS. Eagle Materials’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EXP. Citigroup decreased their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Stephens dropped their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Tuesday, June 2nd. Royal Bank Of Canada increased their price objective on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and an average price target of $224.30.

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.