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Corient Private Wealth LLC Has $311,000 Holdings in Eagle Materials Inc. (NYSE:EXP)

Eagle Materials logo with Construction background
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Corient Private Wealth LLC cut its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 58.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,259 shares of the construction company's stock after selling 1,791 shares during the quarter. Corient Private Wealth LLC's holdings in Eagle Materials were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after purchasing an additional 652,836 shares during the last quarter. Geode Capital Management LLC raised its stake in Eagle Materials by 3.5% during the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company's stock valued at $203,585,000 after buying an additional 23,911 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in Eagle Materials by 0.7% during the 4th quarter. GW&K Investment Management LLC now owns 322,384 shares of the construction company's stock worth $79,551,000 after buying an additional 2,216 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Eagle Materials by 16.2% in the 4th quarter. Artemis Investment Management LLP now owns 270,711 shares of the construction company's stock worth $66,801,000 after acquiring an additional 37,689 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Eagle Materials by 16.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 198,994 shares of the construction company's stock valued at $57,241,000 after acquiring an additional 27,397 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

EXP has been the subject of a number of research reports. DA Davidson decreased their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Stifel Nicolaus started coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They set a "hold" rating and a $242.00 price objective for the company. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and decreased their target price for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and cut their price target for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Eagle Materials has an average rating of "Hold" and a consensus target price of $279.40.

Get Our Latest Stock Report on Eagle Materials

Eagle Materials Stock Performance

EXP stock traded down $5.53 during trading on Thursday, reaching $229.67. 893,479 shares of the company's stock were exchanged, compared to its average volume of 322,136. The firm has a market cap of $7.65 billion, a PE ratio of 16.41 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 1-year low of $205.44 and a 1-year high of $321.93. The company's fifty day moving average price is $234.03 and its 200-day moving average price is $264.43.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. On average, research analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.44%. Eagle Materials's payout ratio is 7.14%.

Insiders Place Their Bets

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the company's stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

About Eagle Materials

(Free Report)

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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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