Shell Asset Management Co. Sells 501 Shares of Eagle Materials Inc. (NYSE:EXP)

Shell Asset Management Co. cut its stake in Eagle Materials Inc. (NYSE:EXP) by 21.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,877 shares of the construction company’s stock after selling 501 shares during the period. Shell Asset Management Co.’s holdings in Eagle Materials were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC raised its stake in shares of Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after acquiring an additional 42 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Eagle Materials during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of Eagle Materials during the 1st quarter worth approximately $27,000. Tompkins Financial Corp acquired a new stake in shares of Eagle Materials during the 1st quarter worth approximately $27,000. Finally, Bessemer Group Inc. grew its position in shares of Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after buying an additional 65 shares during the period. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Up 4.5 %

Shares of Eagle Materials stock traded up $10.66 on Friday, hitting $246.28. The company had a trading volume of 228,552 shares, compared to its average volume of 311,140. The firm has a market capitalization of $8.34 billion, a P/E ratio of 17.28 and a beta of 1.32. Eagle Materials Inc. has a twelve month low of $145.03 and a twelve month high of $276.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.62 and a quick ratio of 1.06. The stock has a 50-day moving average of $227.70 and a 200-day moving average of $239.67.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.48). The company had revenue of $476.70 million during the quarter, compared to analyst estimates of $480.20 million. Eagle Materials had a net margin of 21.14% and a return on equity of 37.31%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.79 EPS. Research analysts predict that Eagle Materials Inc. will post 15.58 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, June 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, June 17th. Eagle Materials’s dividend payout ratio is presently 7.34%.

Wall Street Analysts Forecast Growth

EXP has been the subject of several analyst reports. Jefferies Financial Group lifted their price target on shares of Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Truist Financial boosted their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. StockNews.com cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.