65,257 Shares in Eagle Materials Inc (NYSE:EXP) Acquired by Financial Harvest LLC

Financial Harvest LLC bought a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 65,257 shares of the construction company's stock, valued at approximately $14,482,000. Eagle Materials makes up approximately 9.6% of Financial Harvest LLC's investment portfolio, making the stock its 4th largest holding. Financial Harvest LLC owned about 0.20% of Eagle Materials as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EXP. Transce3nd LLC raised its position in shares of Eagle Materials by 9.7% during the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company's stock valued at $122,000 after acquiring an additional 49 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the period. Hsbc Holdings PLC raised its position in shares of Eagle Materials by 6.0% during the 4th quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after purchasing an additional 55 shares during the period. State of Alaska Department of Revenue increased its position in Eagle Materials by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock worth $3,868,000 after buying an additional 75 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in Eagle Materials by 10.5% in the first quarter. Central Pacific Bank Trust Division now owns 840 shares of the construction company's stock worth $186,000 after buying an additional 80 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on EXP shares. Loop Capital lowered their price target on Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. Wall Street Zen downgraded shares of Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. 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. Citigroup lowered their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Truist Financial lowered their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials currently has a consensus rating of "Hold" and a consensus price target of $254.44.

Eagle Materials Stock Down 0.4%

EXP stock traded down $0.84 during trading hours on Friday, reaching $215.16. 253,445 shares of the stock were exchanged, compared to its average volume of 353,552. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 15.64 and a beta of 1.26. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The firm's 50-day moving average is $211.25 and its 200-day moving average is $225.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03.

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

Eagle Materials Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

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.