1,825 Shares in Eagle Materials Inc (NYSE:EXP) Acquired by MQS Management LLC

MQS Management LLC purchased a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,825 shares of the construction company's stock, valued at approximately $405,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank lifted its position in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares during the period. LGT Financial Advisors LLC grew its holdings in shares of Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after buying an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Eagle Materials by 19.4% during the first quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock worth $111,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. 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 report on Wednesday, March 19th. Stephens set a $255.00 target price on shares of Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Finally, Truist Financial cut their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $254.44.

Eagle Materials Stock Performance

Shares of EXP opened at $223.44 on Monday. The company has a market cap of $7.29 billion, a PE ratio of 16.24 and a beta of 1.26. The firm has a 50-day moving average of $212.71 and a 200-day moving average of $226.12. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same period in the previous year, the business earned $2.24 earnings per share. The business's quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

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.

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