Yousif Capital Management LLC Sells 179 Shares of Eagle Materials Inc. (NYSE:EXP)

Yousif Capital Management LLC cut its stake in Eagle Materials Inc. (NYSE:EXP) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,922 shares of the construction company’s stock after selling 179 shares during the period. Yousif Capital Management LLC’s holdings in Eagle Materials were worth $3,432,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in Eagle Materials by 41.0% in the third quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock valued at $418,116,000 after buying an additional 730,454 shares during the period. Invesco Ltd. lifted its stake in Eagle Materials by 22.8% in the third quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock valued at $182,763,000 after buying an additional 203,862 shares during the period. William Blair Investment Management LLC lifted its stake in Eagle Materials by 271.7% in the third quarter. William Blair Investment Management LLC now owns 666,874 shares of the construction company’s stock valued at $111,048,000 after buying an additional 487,454 shares during the period. Brown Advisory Inc. lifted its stake in Eagle Materials by 1.1% in the third quarter. Brown Advisory Inc. now owns 334,785 shares of the construction company’s stock valued at $55,748,000 after buying an additional 3,496 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Eagle Materials by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 329,032 shares of the construction company’s stock valued at $54,790,000 after buying an additional 5,609 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXP has been the topic of several recent analyst reports. Raymond James boosted their price target on Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Truist Financial boosted their price target on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus boosted their price target on Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Loop Capital raised Eagle Materials from a “hold” rating to a “buy” rating and upped their target price for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. Finally, StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $263.50.

Eagle Materials Trading Up 1.1 %

NYSE EXP opened at $256.70 on Friday. The firm has a market capitalization of $8.84 billion, a P/E ratio of 18.12 and a beta of 1.34. The business has a fifty day simple moving average of $255.73 and a 200 day simple moving average of $214.87. Eagle Materials Inc. has a 12 month low of $143.95 and a 12 month high of $272.72. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. The business had revenue of $558.83 million during the quarter, compared to analyst estimates of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. On average, analysts predict that Eagle Materials Inc. will post 14.23 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s payout ratio is currently 7.06%.

Insider Activity at Eagle Materials

In related news, SVP Tony Thompson sold 638 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total value of $149,974.66. Following the completion of the sale, the senior vice president now directly owns 14,393 shares of the company’s stock, valued at approximately $3,383,362.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Eagle Materials news, SVP Tony Thompson sold 638 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total value of $149,974.66. Following the completion of the transaction, the senior vice president now owns 14,393 shares in the company, valued at approximately $3,383,362.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. In the last three months, insiders sold 10,090 shares of company stock valued at $2,401,577. 1.70% of the stock is owned by insiders.

About Eagle Materials

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; 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.