Eagle Materials Inc $EXP Shares Purchased by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC increased its stake in Eagle Materials Inc by 3.2%, acquiring an additional 3,825 shares during the first quarter, bringing its total holdings to 123,401 shares valued at approximately $27.4 million.
• Several institutional investors boosted their positions in Eagle Materials, including JPMorgan Chase & Co. with an 18.8% increase and American Century Companies Inc. with a 193.4% increase during the same period.
• Eagle Materials has reported a quarterly earnings per share of $3.76, exceeding expectations, in addition to announcing a quarterly dividend of $0.25, representing an annualized yield of 0.4%.

Curi RMB Capital LLC grew its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,401 shares of the construction company's stock after buying an additional 3,825 shares during the quarter. Curi RMB Capital LLC owned 0.37% of Eagle Materials worth $27,407,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Transce3nd LLC raised its position in shares of Eagle Materials by 9.7% during the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company's stock valued at $122,000 after acquiring an additional 49 shares in the last quarter. Parallel Advisors LLC lifted its position 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 worth $55,000 after buying an additional 52 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Eagle Materials by 6.0% in the 4th quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock valued at $240,000 after buying an additional 55 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of 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 buying an additional 75 shares during the period. Finally, HighPoint Advisor Group LLC grew its position in shares of Eagle Materials by 3.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock valued at $468,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on EXP. 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. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price 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, Loop Capital upped their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Eagle Materials currently has an average rating of "Hold" and a consensus price target of $254.78.

Eagle Materials Stock Performance

Shares of NYSE EXP traded down $10.08 during midday trading on Tuesday, reaching $227.41. 120,754 shares of the company traded hands, compared to its average volume of 393,998. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 16.75 and a beta of 1.28. The stock has a 50-day moving average price of $225.03 and a 200 day moving average price of $219.54. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26.

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

Eagle Materials Dividend Announcement

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

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.