Fort Washington Investment Advisors Inc. OH Purchases 8,800 Shares of Eagle Materials Inc. (NYSE:EXP)

Fort Washington Investment Advisors Inc. OH grew its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,178 shares of the construction company's stock after buying an additional 8,800 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.28% of Eagle Materials worth $20,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Eagle Materials by 163.5% during the first quarter. SG Americas Securities LLC now owns 1,515 shares of the construction company's stock valued at $336,000 after buying an additional 940 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Eagle Materials by 21.2% in the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock worth $182,000 after purchasing an additional 143 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Eagle Materials by 16.5% in the first quarter. Park Avenue Securities LLC now owns 4,451 shares of the construction company's stock worth $988,000 after purchasing an additional 630 shares during the last quarter. Perennial Advisors LLC purchased a new stake in Eagle Materials in the first quarter worth approximately $1,147,000. Finally, Reinhart Partners LLC. boosted its holdings in Eagle Materials by 26.6% in the first quarter. Reinhart Partners LLC. now owns 39,520 shares of the construction company's stock worth $8,771,000 after purchasing an additional 8,305 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

EXP has been the topic of several research reports. DA Davidson dropped their target price on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Truist Financial dropped their target price 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. Stephens set a $255.00 target price on shares of Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Wall Street Zen cut shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Stock Performance

Eagle Materials stock traded up $1.40 during midday trading on Monday, hitting $197.35. The stock had a trading volume of 571,404 shares, compared to its average volume of 348,705. The company has a market capitalization of $6.45 billion, a PE ratio of 14.10 and a beta of 1.28. Eagle Materials Inc. has a 52-week low of $194.62 and a 52-week high of $321.93. The firm's fifty day moving average is $217.79 and its two-hundred day moving average is $234.79. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). The firm had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.24 earnings per share. On average, research analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. Eagle Materials's payout ratio is 7.27%.

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.