Epoch Investment Partners Inc. Has $127.64 Million Holdings in Eagle Materials Inc $EXP

Key Points

• Epoch Investment Partners Inc. reduced its stake in Eagle Materials by 2.9%, holding approximately $127.64 million in shares as of its latest SEC filing.
• Eagle Materials recently reported an earnings per share (EPS) of $3.76, exceeding estimates, with a quarterly revenue of $634.69 million.
• The company announced a quarterly dividend of $0.25 per share, which will be paid on October 16th, reflecting a 0.4% dividend yield.

Epoch Investment Partners Inc. decreased its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575,129 shares of the construction company's stock after selling 16,940 shares during the quarter. Epoch Investment Partners Inc. owned approximately 1.73% of Eagle Materials worth $127,638,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bridges Investment Management Inc. boosted its stake in Eagle Materials by 111.4% in the 1st quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock valued at $1,535,000 after buying an additional 3,645 shares in the last quarter. Teacher Retirement System of Texas raised its position in Eagle Materials by 234.6% in the 1st quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock valued at $1,089,000 after purchasing an additional 3,439 shares during the last quarter. Hi Line Capital Management LLC acquired a new position in Eagle Materials in the first quarter worth $4,770,000. GAMMA Investing LLC increased its stake in shares of Eagle Materials by 21.2% in the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after buying an additional 143 shares in the last quarter. Finally, Private Trust Co. NA increased 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. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXP. DA Davidson cut their price target on 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 Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Stephens set a $255.00 target price on Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Eagle Materials currently has a consensus rating of "Hold" and a consensus target price of $254.78.

Eagle Materials Trading Down 2.1%

Shares of NYSE:EXP traded down $4.91 during midday trading on Thursday, hitting $230.62. The company had a trading volume of 250,997 shares, compared to its average volume of 330,333. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 16.98 and a beta of 1.24. The firm has a fifty day simple moving average of $220.87 and a 200 day simple moving average of $220.53.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.03. The business had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. On average, analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is presently 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.