Eagle Materials Inc (NYSE:EXP) Stock Holdings Lessened by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc lessened its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 62.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,650 shares of the construction company's stock after selling 2,765 shares during the period. Yorktown Management & Research Co Inc's holdings in Eagle Materials were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares in the last quarter. Huntington National Bank grew its position in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after buying an additional 144 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after acquiring an additional 310 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in Eagle Materials by 19.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock valued at $111,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Eagle Materials Trading Up 0.7%

EXP stock traded up $1.39 during mid-day trading on Friday, reaching $204.38. 1,027,988 shares of the stock traded hands, compared to its average volume of 351,821. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93. The company has a market cap of $6.67 billion, a P/E ratio of 14.85 and a beta of 1.28. The stock's fifty day moving average is $213.93 and its 200-day moving average is $229.69.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The firm had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. During the same period in the prior year, the company posted $2.24 earnings per share. Eagle Materials's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, June 16th. Eagle Materials's dividend payout ratio is presently 7.27%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXP. Stephens set a $255.00 price target on shares of Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. DA Davidson cut their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Citigroup cut their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $254.44.

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.