Bretton Capital Management LLC Boosts Stock Position in Eagle Materials Inc $EXP

Key Points

• Bretton Capital Management LLC increased its stake in Eagle Materials Inc by 40% during the first quarter, owning 19,600 shares valued at approximately $4.35 million.
• Several institutional investors, including JPMorgan Chase & Co. and American Century Companies Inc., significantly increased their positions in Eagle Materials in the same period.
• Eagle Materials reported a quarterly EPS of $3.76, exceeding estimates, and announced a quarterly dividend of $0.25 per share, demonstrating strong financial performance.

Bretton Capital Management LLC lifted its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 40.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,600 shares of the construction company's stock after acquiring an additional 5,600 shares during the period. Eagle Materials accounts for 4.1% of Bretton Capital Management LLC's holdings, making the stock its 15th largest position. Bretton Capital Management LLC owned about 0.06% of Eagle Materials worth $4,350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EXP. Parallel Advisors LLC boosted its stake in shares of Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after acquiring an additional 52 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after acquiring an additional 80 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock worth $87,000 after acquiring an additional 326 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after acquiring an additional 131 shares during the last quarter. Finally, LGT Financial Advisors LLC boosted its stake in shares of 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 acquiring an additional 310 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on EXP shares. Citigroup lowered their price target on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Loop Capital boosted their price objective on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research note on Wednesday, July 30th. DA Davidson lowered their price objective on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Stephens set a $255.00 price objective on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $255.33.

Eagle Materials Trading Up 1.3%

Shares of Eagle Materials stock traded up $2.9740 during trading hours on Tuesday, hitting $233.1440. The company's stock had a trading volume of 169,394 shares, compared to its average volume of 414,025. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The firm has a fifty day moving average of $215.78 and a 200-day moving average of $221.37. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 17.17 and a beta of 1.24. 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 EPS for the quarter, beating the consensus estimate of $3.73 by $0.03. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The business had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Research analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend 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.