Balefire LLC Takes Position in Eagle Materials Inc (NYSE:EXP)

Balefire LLC bought a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,658 shares of the construction company's stock, valued at approximately $368,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EXP. Private Trust Co. NA raised its holdings in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Eagle Materials by 26.8% in the 1st 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. Huntington National Bank lifted its position 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 last quarter. LGT Financial Advisors LLC grew its stake in Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in Eagle Materials by 19.4% in the first quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock valued at $111,000 after buying an additional 81 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

Eagle Materials stock traded up $2.34 during mid-day trading on Friday, hitting $205.33. 126,111 shares of the company's stock traded hands, compared to its average volume of 348,364. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The firm has a 50 day moving average price of $214.18 and a 200 day moving average price of $230.19. The company has a market cap of $6.70 billion, a PE ratio of 14.91 and a beta of 1.28.

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

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXP. Loop Capital lowered their price target on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Truist Financial dropped their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, Citigroup decreased their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials has an average rating of "Hold" and a consensus price target of $254.44.

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.