Eagle Materials

EXP

Market cap $6.21B

Sold 398,334 shares of Eagle Materials; estimated transaction value ~$87.91 million (based on quarterly average pricing). Position value declined by $107.20 million over the quarter, reflecting both trading and price movement effects.

The largest contributor was Haemonetics Corp., a medical device company focused on products related to blood collection and management. Another top contributor was Mueller Industries, Inc., an industrial corporation whose holdings manufacture vital goods for important markets. Within materials, the largest detractor during the quarter was Eagle Materials Inc., a provider of heavy construction materials and light building materials to residential and nonresidential markets.

Black Creek Investment Management acquired 502,120 shares in Eagle Materials during the fourth quarter. The quarter-end position value increased by $103.78 million due to the new share purchase.

DALLAS--(BUSINESS WIRE)--The Board of Directors of Eagle Materials Inc. (NYSE: EXP) has declared a quarterly cash dividend of $0.25 per share, payable on April 13, 2026, to stockholders of record of its Common Stock at the close of business on March 16, 2026. About Eagle Materials Inc. Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle's primary products, Portland Cement and Gypsum Wallboard, are essential for building, expandi.

Timken remains a compelling investment as it supplies essential components that customers cannot easily replace. MDU remains an attractive investment as electricity demand continues to rise, particularly from energy-intensive industries such as data centers locating in the central United States. During the quarter, Raymond James' shares declined by 7.0% despite adjusted earnings exceeding consensus expectations by 10%, reflecting investor focus on near-term margin pressure rather than underlying business momentum.

Eagle Materials Inc. reported flat Q3 '26 revenue and missed EPS, with heavy materials strength offset by wallboard weakness. EXP maintains a solid balance sheet, low leverage, and active buybacks, but elevated capex is directed toward major growth projects. Heavy materials benefit from infrastructure and nonresidential demand, while wallboard faces ongoing residential headwinds and pricing pressure.

In the fourth quarter of 2025, the Harbor Mid Cap Value ETF returned 2.00% (NAV), outperforming its benchmark, the Russell Midcap® Value Index. We added Eagle Materials to the portfolio during the quarter, a U.S.-focused manufacturer of essential construction materials, including cement, wallboard, and aggregates. We sold Sealed Air Corporation during the quarter due to crowding out, a packaging solutions company providing protective, food, and specialty packaging products.

Although the revenue and EPS for Eagle Materials (EXP) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Eagle Materials Inc. (EXP) Q3 2026 Earnings Call Transcript

Eagle Materials (EXP) came out with quarterly earnings of $3.22 per share, missing the Zacks Consensus Estimate of $3.32 per share. This compares to earnings of $3.59 per share a year ago.