Hamilton Point Investment Advisors LLC Boosts Stake in Eagle Materials Inc (NYSE:EXP)

Hamilton Point Investment Advisors LLC grew its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,522 shares of the construction company's stock after buying an additional 1,510 shares during the quarter. Hamilton Point Investment Advisors LLC owned 0.06% of Eagle Materials worth $4,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bridges Investment Management Inc. boosted its holdings 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 worth $1,535,000 after buying an additional 3,645 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Eagle Materials by 234.6% during 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. GAMMA Investing LLC boosted its holdings in shares of Eagle Materials by 21.2% during the 1st quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after purchasing an additional 143 shares during the last quarter. Hi Line Capital Management LLC bought a new stake in shares of Eagle Materials in the 1st quarter worth about $4,770,000. Finally, Private Trust Co. NA increased its holdings in shares of Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Loop Capital reduced their target price on shares of 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 cut shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Truist Financial dropped their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. DA Davidson dropped their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has a consensus rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Trading Down 2.0%

Eagle Materials stock traded down $4.56 during trading hours on Monday, hitting $221.67. The company had a trading volume of 861,111 shares, compared to its average volume of 402,557. The firm has a market cap of $7.23 billion, a P/E ratio of 16.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The company has a 50-day moving average price of $209.50 and a two-hundred day moving average price of $224.27.

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

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, June 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Eagle Materials's dividend payout ratio is currently 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.