Hood River Capital Management LLC Raises Stake in Eagle Materials Inc. (NYSE:EXP)

Hood River Capital Management LLC grew its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 311,335 shares of the construction company's stock after buying an additional 5,600 shares during the period. Hood River Capital Management LLC owned 0.94% of Eagle Materials worth $76,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Private Trust Co. NA lifted its position in Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after acquiring an additional 71 shares during the period. Huntington National Bank lifted its holdings in shares of Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after purchasing an additional 144 shares during the period. R Squared Ltd acquired a new stake in shares of Eagle Materials during the fourth quarter worth about $81,000. Transce3nd LLC purchased a new stake in Eagle Materials in the fourth quarter valued at approximately $125,000. Finally, Smartleaf Asset Management LLC increased its holdings in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after buying an additional 56 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Price Performance

NYSE EXP traded down $0.43 on Monday, hitting $218.45. The company had a trading volume of 97,484 shares, compared to its average volume of 332,254. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The company's fifty day moving average price is $220.45 and its 200-day moving average price is $255.69. The company has a market capitalization of $7.27 billion, a PE ratio of 15.59 and a beta of 1.25. Eagle Materials Inc. has a 12-month low of $201.61 and a 12-month high of $321.93.

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

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, March 17th. Eagle Materials's dividend payout ratio is presently 7.14%.

Insider Buying and Selling

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was acquired 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 directly owns 3,655 shares of the company's stock, valued at approximately $940,650.80. This represents 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 this link. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXP. JPMorgan Chase & Co. cut their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Loop Capital cut their price target on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research report on Tuesday, April 1st. Stephens restated an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Truist Financial reduced their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday. Finally, DA Davidson dropped their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $274.40.

About Eagle Materials

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.