Janney Montgomery Scott LLC trimmed its position in Eagle Materials, Inc. (NYSE:EXP) by 49.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,492 shares of the construction company’s stock after selling 8,153 shares during the period. Janney Montgomery Scott LLC’s holdings in Eagle Materials were worth $716,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EXP. Flagship Harbor Advisors LLC bought a new stake in Eagle Materials in the fourth quarter worth $35,000. Quadrant Capital Group LLC boosted its holdings in Eagle Materials by 294.6% in the first quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock worth $97,000 after acquiring an additional 881 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Eagle Materials in the fourth quarter worth $95,000. Sun Life Financial INC bought a new stake in Eagle Materials in the fourth quarter worth $151,000. Finally, World Asset Management Inc bought a new stake in Eagle Materials in the first quarter worth $215,000. 95.90% of the stock is currently owned by institutional investors.

Several research firms have commented on EXP. Berenberg Bank began coverage on Eagle Materials in a report on Wednesday, April 3rd. They issued a “buy” rating and a $103.00 target price on the stock. Citigroup boosted their target price on Eagle Materials from $84.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, April 1st. TheStreet downgraded Eagle Materials from a “b” rating to a “c+” rating in a report on Friday, May 17th. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, Macquarie set a $100.00 target price on Eagle Materials and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $104.95.

Shares of NYSE:EXP opened at $91.25 on Wednesday. The firm has a market cap of $4.14 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.87 and a current ratio of 2.38. Eagle Materials, Inc. has a 1 year low of $57.00 and a 1 year high of $115.75.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, May 16th. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $284.70 million for the quarter, compared to the consensus estimate of $278.70 million. Eagle Materials had a return on equity of 17.82% and a net margin of 4.94%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. On average, research analysts predict that Eagle Materials, Inc. will post 5.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, June 20th. Eagle Materials’s payout ratio is currently 7.92%.

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Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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

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