Bretton Capital Management LLC Has $4.35 Million 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 grew its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 40.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,600 shares of the construction company's stock after purchasing an additional 5,600 shares during the period. Eagle Materials comprises approximately 4.1% of Bretton Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Bretton Capital Management LLC owned approximately 0.06% of Eagle Materials worth $4,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings 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 valued at $55,000 after purchasing an additional 52 shares during the last quarter. Private Trust Co. NA grew 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 valued at $63,000 after buying an additional 80 shares in the last quarter. Assetmark Inc. grew 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 valued at $87,000 after buying an additional 326 shares in the last quarter. LGT Financial Advisors LLC grew 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 valued at $109,000 after buying an additional 310 shares in the last quarter. Finally, Signaturefd LLC grew 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 valued at $103,000 after buying an additional 131 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded up $13.3950 during trading on Friday, reaching $240.2250. The company's stock had a trading volume of 193,636 shares, compared to its average volume of 397,694. The business's 50-day moving average price is $216.83 and its 200-day moving average price is $221.21. The firm has a market cap of $7.80 billion, a PE ratio of 17.69 and a beta of 1.24. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87.

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. The company had revenue of $634.69 million during the quarter, compared to analysts' expectations of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. Equities analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EXP shares. Citigroup decreased their target price on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. Truist Financial decreased their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group set a $242.00 target price on shares of Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Stephens set a $255.00 target price on shares of Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $255.33.

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.