Eagle Materials Inc. (NYSE:EXP) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 26,787.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,761 shares of the construction company's stock after purchasing an additional 181,085 shares during the quarter. GAMMA Investing LLC owned 0.55% of Eagle Materials worth $40,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Market Strategies LLC purchased a new stake in shares of Eagle Materials in the 1st quarter valued at about $209,000. Central Pacific Bank Trust Division increased its position in Eagle Materials by 10.5% during the 1st quarter. Central Pacific Bank Trust Division now owns 840 shares of the construction company's stock worth $186,000 after purchasing an additional 80 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Eagle Materials by 21.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,523 shares of the construction company's stock worth $376,000 after purchasing an additional 266 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Eagle Materials by 10.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,903 shares of the construction company's stock worth $25,886,000 after purchasing an additional 9,723 shares during the period. Finally, Twinbeech Capital LP acquired a new position in Eagle Materials during the 4th quarter worth approximately $6,226,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Down 0.4%

NYSE:EXP traded down $0.88 during mid-day trading on Friday, reaching $200.26. The stock had a trading volume of 498,616 shares, compared to its average volume of 345,955. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 14.30 and a beta of 1.28. Eagle Materials Inc. has a 1-year low of $195.80 and a 1-year high of $321.93. The stock's 50 day simple moving average is $219.93 and its two-hundred day simple moving average is $240.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results 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). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The business had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. During the same period in the prior year, the business earned $2.24 EPS. The business's revenue was down 1.4% on a year-over-year basis. Equities analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a $0.25 dividend. 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 0.50%. Eagle Materials's dividend payout ratio is currently 7.27%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EXP shares. DA Davidson dropped their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Citigroup lowered their price target on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Truist Financial lowered their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $254.44.

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.