Thrivent Financial for Lutherans Sells 160 Shares of Eagle Materials Inc. (NYSE:EXP)

Thrivent Financial for Lutherans lessened its stake in Eagle Materials Inc. (NYSE:EXP – Get Rating) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,814 shares of the construction company’s stock after selling 160 shares during the period. Thrivent Financial for Lutherans’ holdings in Eagle Materials were worth $1,304,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Eagle Materials by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,841,414 shares of the construction company’s stock worth $411,723,000 after purchasing an additional 110,695 shares during the last quarter. State Street Corp raised its position in shares of Eagle Materials by 0.3% during the 1st quarter. State Street Corp now owns 1,056,912 shares of the construction company’s stock valued at $135,929,000 after acquiring an additional 3,684 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Eagle Materials by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 610,973 shares of the construction company’s stock valued at $65,485,000 after acquiring an additional 11,938 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Eagle Materials by 1.0% during the 3rd quarter. Prudential Financial Inc. now owns 578,183 shares of the construction company’s stock valued at $61,968,000 after acquiring an additional 5,838 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Eagle Materials by 1.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 513,518 shares of the construction company’s stock valued at $65,915,000 after acquiring an additional 6,492 shares during the last quarter. Institutional investors own 93.67% of the company’s stock.

Analyst Ratings Changes

EXP has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Eagle Materials in a research report on Thursday. They set a “buy” rating for the company. Truist Financial upped their target price on shares of Eagle Materials from $155.00 to $195.00 in a research report on Friday. Raymond James upped their target price on shares of Eagle Materials from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, January 25th. Stephens upped their target price on shares of Eagle Materials from $170.00 to $190.00 in a research report on Friday. Finally, The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $130.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.86.

Eagle Materials Price Performance

EXP opened at $167.21 on Monday. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.97. Eagle Materials Inc. has a 12 month low of $101.98 and a 12 month high of $169.19. The company has a fifty day simple moving average of $146.50 and a 200 day simple moving average of $140.93. The stock has a market cap of $6.03 billion, a P/E ratio of 13.42 and a beta of 1.31.

Eagle Materials (NYSE:EXP – Get Rating) last announced its earnings results on Thursday, May 18th. The construction company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.44. The firm had revenue of $470.10 million during the quarter, compared to analyst estimates of $452.11 million. Eagle Materials had a net margin of 21.49% and a return on equity of 40.09%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 EPS. On average, research analysts expect that Eagle Materials Inc. will post 12.73 EPS for the current year.

About Eagle Materials

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Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.