Lazard Asset Management LLC Sells 2,613 Shares of Eagle Materials Inc $EXP

Lazard Asset Management LLC cut its stake in Eagle Materials Inc (NYSE:EXP) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,891 shares of the construction company’s stock after selling 2,613 shares during the quarter. Lazard Asset Management LLC owned 0.08% of Eagle Materials worth $4,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of EXP. Clearstead Advisors LLC grew its holdings in Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares in the last quarter. IFP Advisors Inc lifted 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 acquiring an additional 109 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Eagle Materials during the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in Eagle Materials during the 3rd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 0.0%

Shares of NYSE EXP opened at $205.45 on Friday. The stock has a market capitalization of $6.35 billion, a PE ratio of 16.24 and a beta of 1.37. Eagle Materials Inc has a one year low of $171.99 and a one year high of $245.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 2.09. The business’s fifty day moving average price is $215.16 and its 200-day moving average price is $210.77.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The company had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. During the same period in the previous year, the business earned $3.76 earnings per share. Eagle Materials’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Eagle Materials Inc will post 12.9 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.91%.

Wall Street Analysts Forecast Growth

EXP has been the subject of several analyst reports. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Wells Fargo & Company reduced their price objective on shares of Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank Of Canada increased their price objective on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $223.44.

About Eagle Materials

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.