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

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,178 shares of the construction company's stock after acquiring an additional 8,800 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.28% of Eagle Materials worth $20,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXP. Sprott Inc. grew its holdings in shares of Eagle Materials by 3.0% in the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock worth $418,000 after purchasing an additional 50 shares during the last quarter. Parallel Advisors LLC boosted its position in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares during the period. CIBC Asset Management Inc grew its holdings in Eagle Materials by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company's stock worth $268,000 after acquiring an additional 54 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Eagle Materials by 6.0% in the 4th quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after acquiring an additional 55 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after acquiring an additional 56 shares during the period. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

EXP has been the subject of a number of analyst reports. Loop Capital dropped their target price on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Wall Street Zen cut Eagle Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. cut their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Truist Financial decreased their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Citigroup cut their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Eagle Materials presently has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Down 3.3%

EXP stock traded down $6.77 during midday trading on Friday, hitting $195.80. The stock had a trading volume of 282,765 shares, compared to its average volume of 348,213. The business has a 50-day moving average of $218.18 and a two-hundred day moving average of $237.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 13.99 and a beta of 1.28. Eagle Materials Inc. has a 52-week low of $194.68 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The business 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 business's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.24 EPS. As a group, equities research analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.51%. 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.