RBA Wealth Management LLC Sells 441 Shares of Eagle Materials Inc. (NYSE:EXP)

RBA Wealth Management LLC lessened its holdings in Eagle Materials Inc. (NYSE:EXP) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,171 shares of the construction company’s stock after selling 441 shares during the quarter. Eagle Materials accounts for approximately 2.3% of RBA Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. RBA Wealth Management LLC owned 0.06% of Eagle Materials worth $5,753,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Tompkins Financial Corp acquired a new position in Eagle Materials during the first quarter worth $27,000. Rise Advisors LLC bought a new stake in Eagle Materials during the first quarter worth about $27,000. Global Wealth Management Investment Advisory Inc. bought a new stake in Eagle Materials during the fourth quarter worth about $30,000. Planned Solutions Inc. bought a new position in shares of Eagle Materials in the fourth quarter worth about $35,000. Finally, Evermay Wealth Management LLC bought a new position in Eagle Materials in the 4th quarter valued at approximately $61,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EXP shares. Raymond James lifted their price target on shares of Eagle Materials from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Truist Financial lifted their price objective on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Loop Capital reduced their target price on Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Citigroup reduced their target price on Eagle Materials from $311.00 to $297.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, The Goldman Sachs Group lifted their target price on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $279.67.

Eagle Materials Trading Up 1.5 %

NYSE EXP traded up $3.13 during trading on Thursday, hitting $217.52. The company had a trading volume of 167,167 shares, compared to its average volume of 328,091. The company’s fifty day moving average is $238.86 and its 200-day moving average is $237.11. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $276.61. The company has a current ratio of 2.62, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 15.97 and a beta of 1.32.

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 analysts’ consensus estimates of $2.72 by ($0.48). Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The company had revenue of $476.70 million during the quarter, compared to the consensus estimate of $480.20 million. During the same quarter in the prior year, the firm earned $2.79 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Eagle Materials Inc. will post 16.01 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend 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.