Callahan Advisors LLC Raises Holdings in Eagle Materials Inc $EXP

Key Points

• Callahan Advisors LLC increased its holdings in Eagle Materials Inc by 4.7%, owning a total of 44,841 shares valued at approximately $9,063,000.
• Despite recent stock dips, Eagle Materials reported an EPS of $3.76 for the last quarter, exceeding analysts' expectations of $3.73.
• The company announced a quarterly dividend of $0.25 per share, with a dividend yield of 0.4% and a payout ratio of 7.36%.

Callahan Advisors LLC lifted its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,841 shares of the construction company's stock after buying an additional 2,003 shares during the period. Callahan Advisors LLC owned about 0.14% of Eagle Materials worth $9,063,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EXP. GAMMA Investing LLC raised its stake in shares of Eagle Materials by 21.2% during the 1st quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock worth $182,000 after buying an additional 143 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Eagle Materials by 163.5% during the 1st quarter. SG Americas Securities LLC now owns 1,515 shares of the construction company's stock worth $336,000 after buying an additional 940 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Eagle Materials during the 1st quarter worth approximately $616,000. State of Alaska Department of Revenue increased its stake in Eagle Materials by 0.4% in the 1st quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock valued at $3,868,000 after purchasing an additional 75 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Eagle Materials by 18.4% in the 1st quarter. Blue Trust Inc. now owns 1,089 shares of the construction company's stock valued at $242,000 after purchasing an additional 169 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $241.97 on Thursday. The business's fifty day moving average price is $232.45 and its two-hundred day moving average price is $221.96. The stock has a market cap of $7.85 billion, a PE ratio of 17.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.03. The firm had revenue of $634.69 million for the quarter, compared to analysts' expectations of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. On average, analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio is 7.36%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EXP shares. Loop Capital raised their price objective on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Wells Fargo & Company raised Eagle Materials to a "strong-buy" rating in a research note on Wednesday, October 8th. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eagle Materials in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $255.40.

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.

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