Eagle Materials Inc. (NYSE:EXP) Shares Sold by RBA Wealth Management LLC

RBA Wealth Management LLC trimmed its holdings in Eagle Materials Inc. (NYSE:EXP) by 2.0% during the first quarter, HoldingsChannel.com reports. The firm owned 21,171 shares of the construction company’s stock after selling 441 shares during the period. Eagle Materials makes up about 2.3% of RBA Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. RBA Wealth Management LLC’s holdings in Eagle Materials were worth $5,753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tompkins Financial Corp acquired a new position in shares of Eagle Materials in the 1st quarter valued at $27,000. Rise Advisors LLC purchased a new stake in Eagle Materials in the 1st quarter worth about $27,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in Eagle Materials in the 4th quarter worth about $30,000. Planned Solutions Inc. purchased a new stake in Eagle Materials in the 4th quarter worth about $35,000. Finally, Evermay Wealth Management LLC purchased a new stake in Eagle Materials in the 4th quarter worth about $61,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Citigroup decreased their price objective on Eagle Materials from $311.00 to $297.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Stephens lifted their price objective on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Finally, Loop Capital cut their price objective on Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.67.

Eagle Materials Trading Up 1.5 %

Shares of NYSE:EXP traded up $3.13 during midday trading on Thursday, hitting $217.52. 167,167 shares of the stock traded hands, compared to its average volume of 328,091. The company has a quick ratio of 1.06, a current ratio of 2.62 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $238.86 and its two-hundred day moving average is $237.11. The stock has a market capitalization of $7.36 billion, a PE ratio of 15.97 and a beta of 1.32. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $276.61.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.48). Eagle Materials had a net margin of 21.14% and a return on equity of 37.31%. The business had revenue of $476.70 million for the quarter, compared to analysts’ expectations of $480.20 million. During the same quarter in the previous year, the business posted $2.79 earnings per share. Eagle Materials’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts forecast that Eagle Materials Inc. will post 16.01 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 17th. Eagle Materials’s payout ratio is currently 7.34%.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.