Skylands Capital LLC Sells 3,105 Shares of Eagle Materials Inc $EXP

Skylands Capital LLC decreased its stake in Eagle Materials Inc (NYSE:EXP) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,310 shares of the construction company’s stock after selling 3,105 shares during the quarter. Skylands Capital LLC’s holdings in Eagle Materials were worth $7,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec grew its position in shares of Eagle Materials by 3.6% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock worth $332,000 after buying an additional 50 shares during the period. Signaturefd LLC raised its position in shares of Eagle Materials by 15.8% in the 4th quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after acquiring an additional 53 shares during the period. GAMMA Investing LLC raised its position in shares of Eagle Materials by 5.9% in the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock valued at $217,000 after acquiring an additional 58 shares during the period. M&T Bank Corp boosted its stake in Eagle Materials by 2.6% during the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock worth $498,000 after acquiring an additional 61 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 Trading Down 0.7%

NYSE:EXP opened at $233.75 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The business’s 50-day simple moving average is $211.61 and its 200-day simple moving average is $211.79. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $245.53. The stock has a market capitalization of $7.22 billion, a PE ratio of 17.82 and a beta of 1.37.

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

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 15th. Eagle Materials’s dividend payout ratio is 7.62%.

Analyst Ratings Changes

Several brokerages have commented on EXP. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Wells Fargo & Company upped their price objective on shares of Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Stephens lowered their price objective on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $224.30.

Eagle Materials 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.