B. Riley Wealth Advisors Inc. Has $452,000 Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

B. Riley Wealth Advisors Inc. decreased its holdings in Eagle Materials Inc. (NYSE:EXP) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,224 shares of the construction company’s stock after selling 240 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Eagle Materials were worth $452,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EXP. Asset Management One Co. Ltd. bought a new stake in shares of Eagle Materials in the 4th quarter worth about $1,085,000. NewEdge Wealth LLC grew its holdings in shares of Eagle Materials by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock worth $18,071,000 after purchasing an additional 10,514 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Eagle Materials in the 4th quarter worth about $1,988,000. Van ECK Associates Corp grew its holdings in shares of Eagle Materials by 39.7% in the 4th quarter. Van ECK Associates Corp now owns 10,537 shares of the construction company’s stock worth $2,137,000 after purchasing an additional 2,993 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Eagle Materials by 261.8% in the 4th quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock worth $176,870,000 after purchasing an additional 630,964 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EXP shares. Citigroup lowered their target price on shares of Eagle Materials from $311.00 to $297.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Truist Financial increased their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Loop Capital decreased their price objective on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Raymond James increased their price objective on shares of Eagle Materials from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $279.67.

Eagle Materials Stock Up 0.4 %

Shares of NYSE EXP opened at $217.40 on Tuesday. The firm has a market capitalization of $7.36 billion, a PE ratio of 15.96 and a beta of 1.33. The company has a current ratio of 2.62, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $276.61. The firm’s 50-day moving average is $243.24 and its 200-day moving average is $236.39.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The firm 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 business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.79 earnings per share. Equities analysts expect that Eagle Materials Inc. will post 16.15 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Eagle Materials’s dividend payout ratio is 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.