Los Angeles Capital Management LLC Has $476,000 Stake in Eagle Materials Inc. (NYSE:EXP)

Los Angeles Capital Management LLC cut its stake in shares of Eagle Materials Inc. (NYSE:EXP – Get Rating) by 5.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,859 shares of the construction company’s stock after selling 159 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Eagle Materials were worth $476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXP. Signaturefd LLC bought a new position in shares of Eagle Materials during the fourth quarter worth about $26,000. Wolff Wiese Magana LLC bought a new position in Eagle Materials during the 4th quarter worth approximately $29,000. CWM LLC acquired a new position in shares of Eagle Materials in the 4th quarter worth approximately $34,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Eagle Materials by 419.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 618 shares of the construction company’s stock valued at $81,000 after purchasing an additional 499 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Eagle Materials by 13.2% during the third quarter. Allworth Financial LP now owns 694 shares of the construction company’s stock worth $91,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Shares of EXP stock opened at $121.77 on Friday. Eagle Materials Inc. has a one year low of $119.08 and a one year high of $169.15. The firm has a 50-day moving average of $130.57 and a 200-day moving average of $145.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.14 and a quick ratio of 1.05. The company has a market cap of $4.81 billion, a P/E ratio of 13.84 and a beta of 1.31.

Eagle Materials (NYSE:EXP – Get Rating) last issued its quarterly earnings results on Thursday, January 27th. The construction company reported $2.53 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.10. Eagle Materials had a return on equity of 28.58% and a net margin of 20.42%. The company had revenue of $462.94 million during the quarter, compared to the consensus estimate of $461.05 million. During the same period last year, the business posted $1.94 earnings per share. Eagle Materials’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts expect that Eagle Materials Inc. will post 9.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Friday, March 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. Eagle Materials’s dividend payout ratio (DPR) is presently 11.36%.

Several equities analysts have issued reports on the company. DA Davidson dropped their price target on Eagle Materials from $170.00 to $160.00 in a research note on Friday, January 28th. Zacks Investment Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, February 2nd. The Goldman Sachs Group increased their price objective on shares of Eagle Materials from $181.00 to $190.00 in a research report on Thursday, January 27th. Northcoast Research raised Eagle Materials from a “neutral” rating to a “buy” rating and set a $193.00 target price for the company in a research report on Monday, January 10th. Finally, Loop Capital cut their price target on Eagle Materials from $170.00 to $155.00 in a report on Friday, January 28th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $170.25.

Eagle Materials Profile (Get Rating)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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