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

Yorktown Management & Research Co Inc trimmed its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 62.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in shares of Eagle Materials by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company's stock worth $268,000 after purchasing an additional 54 shares in the last quarter. Truist Financial Corp raised its stake in shares of Eagle Materials by 1.1% during the 4th quarter. Truist Financial Corp now owns 19,610 shares of the construction company's stock worth $4,839,000 after buying an additional 219 shares in the last quarter. Sprott Inc. boosted its position in shares of Eagle Materials by 3.0% during the 4th quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock worth $418,000 after purchasing an additional 50 shares in the last quarter. NewEdge Wealth LLC lifted its position in shares of Eagle Materials by 4.6% during the 4th quarter. NewEdge Wealth LLC now owns 109,967 shares of the construction company's stock valued at $27,135,000 after acquiring an additional 4,824 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Eagle Materials in the fourth quarter valued at about $8,890,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of analyst reports. 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. Truist Financial decreased their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. DA Davidson dropped their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Eagle Materials has a consensus rating of "Hold" and a consensus price target of $254.44.

Eagle Materials Stock Performance

NYSE EXP traded up $4.33 on Tuesday, hitting $205.83. The stock had a trading volume of 417,452 shares, compared to its average volume of 348,820. The company's 50-day moving average is $215.12 and its two-hundred day moving average is $231.14. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 14.96 and a beta of 1.28. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84.

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

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's payout ratio is currently 7.27%.

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.