Curi RMB Capital LLC Raises Stock Position in Eagle Materials Inc $EXP

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 increased its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,401 shares of the construction company's stock after purchasing 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Eagle Materials by 18.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock worth $475,068,000 after acquiring an additional 339,089 shares during the last quarter. Baupost Group LLC MA boosted its stake in shares of Eagle Materials by 42.5% during the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock worth $201,875,000 after acquiring an additional 271,410 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Materials by 10.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company's stock worth $127,876,000 after acquiring an additional 54,324 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Eagle Materials by 111.1% during the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock valued at $73,477,000 after buying an additional 174,241 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Eagle Materials by 193.4% during the 1st quarter. American Century Companies Inc. now owns 288,123 shares of the construction company's stock valued at $63,944,000 after buying an additional 189,909 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EXP. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. Loop Capital boosted their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Stephens set a $255.00 price objective on shares of Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. Finally, Citigroup lowered their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $254.78.

Eagle Materials Stock Performance

NYSE EXP traded down $4.95 during mid-day trading on Monday, reaching $237.31. 425,413 shares of the stock were exchanged, compared to its average volume of 395,546. The business's 50 day moving average is $224.32 and its 200-day moving average is $219.45. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The company has a market capitalization of $7.70 billion, a P/E ratio of 17.47 and a beta of 1.28. 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 (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $611.52 million. On average, equities research analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be given a $0.25 dividend. 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 is 7.36%.

Eagle Materials Company 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.