Callahan Advisors LLC Purchases 4,112 Shares of Eagle Materials Inc (NYSE:EXP)

Callahan Advisors LLC increased its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,838 shares of the construction company's stock after purchasing an additional 4,112 shares during the quarter. Callahan Advisors LLC owned 0.13% of Eagle Materials worth $9,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hi Line Capital Management LLC bought a new position in shares of Eagle Materials during the first quarter valued at $4,770,000. GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 21.2% during the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after purchasing an additional 143 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Eagle Materials by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 22,400 shares of the construction company's stock valued at $5,527,000 after purchasing an additional 1,800 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Eagle Materials by 14.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 16,443 shares of the construction company's stock valued at $3,649,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Ausbil Investment Management Ltd increased its position in Eagle Materials by 469.7% during the first quarter. Ausbil Investment Management Ltd now owns 2,951 shares of the construction company's stock valued at $655,000 after acquiring an additional 2,433 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on EXP shares. Citigroup reduced their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Loop Capital reduced their price target on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Wall Street Zen cut Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. 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, April 24th. Finally, Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Price Performance

Shares of NYSE EXP traded down $3.23 during mid-day trading on Friday, reaching $223.44. The company's stock had a trading volume of 432,955 shares, compared to its average volume of 354,595. The firm has a market capitalization of $7.29 billion, a PE ratio of 16.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03. The stock has a fifty day moving average of $212.71 and a two-hundred day moving average of $226.46. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 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 firm had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same period in the previous year, the company posted $2.24 earnings per share. Eagle Materials's quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's payout ratio is 7.27%.

Eagle Materials Profile

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.