Eagle Materials Inc. (NYSE:EXP) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Eagle Materials Inc. (NYSE:EXP) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,574 shares of the construction company’s stock after acquiring an additional 680 shares during the quarter. Lazard Asset Management LLC owned approximately 0.12% of Eagle Materials worth $11,025,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Frontier Capital Management Co. LLC lifted its holdings in Eagle Materials by 7.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 957,818 shares of the construction company’s stock valued at $194,284,000 after acquiring an additional 63,636 shares during the period. TD Asset Management Inc increased its position in shares of Eagle Materials by 5.5% in the first quarter. TD Asset Management Inc now owns 919,714 shares of the construction company’s stock valued at $249,932,000 after buying an additional 47,744 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eagle Materials by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 716,585 shares of the construction company’s stock valued at $145,356,000 after buying an additional 14,416 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Eagle Materials by 133.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 662,628 shares of the construction company’s stock valued at $134,407,000 after buying an additional 378,296 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Eagle Materials in the fourth quarter valued at approximately $88,925,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Trading Up 4.4 %

Shares of Eagle Materials stock traded up $10.45 during trading hours on Friday, hitting $246.07. The company’s stock had a trading volume of 597,857 shares, compared to its average volume of 350,455. Eagle Materials Inc. has a twelve month low of $145.03 and a twelve month high of $276.61. The firm has a fifty day moving average of $227.50 and a 200-day moving average of $240.22. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 18.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 2.62.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 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 during the quarter, compared to analyst estimates of $480.20 million. During the same period last year, the company earned $2.79 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Research analysts forecast that Eagle Materials Inc. will post 15.58 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, June 17th. Eagle Materials’s payout ratio is 7.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EXP shares. Raymond James cut Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stifel Nicolaus dropped their price target on Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Jefferies Financial Group upped their target price on Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Truist Financial upped their target price on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Eagle Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.00.

Eagle Materials Company 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.