Hancock Whitney Corp Has $227,000 Stock Position in Eagle Materials Inc $EXP

Hancock Whitney Corp trimmed its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 53.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,025 shares of the construction company's stock after selling 1,166 shares during the period. Hancock Whitney Corp's holdings in Eagle Materials were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXP. JPMorgan Chase & Co. lifted its stake in shares of Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock valued at $475,068,000 after purchasing an additional 339,089 shares in the last quarter. Baupost Group LLC MA increased its holdings in shares of Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock valued at $201,875,000 after acquiring an additional 271,410 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Eagle Materials by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company's stock valued at $127,876,000 after acquiring an additional 54,324 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Eagle Materials by 111.1% in the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock valued at $73,477,000 after acquiring an additional 174,241 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Eagle Materials by 193.4% in the 1st quarter. American Century Companies Inc. now owns 288,123 shares of the construction company's stock valued at $63,944,000 after acquiring an additional 189,909 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Stephens set a $255.00 price objective on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Citigroup lowered their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Loop Capital upped their price objective on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $254.78.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded down $4.13 during trading on Friday, hitting $233.25. The stock had a trading volume of 273,612 shares, compared to its average volume of 292,236. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The firm has a market cap of $7.57 billion, a P/E ratio of 17.18 and a beta of 1.28. The business has a fifty day moving average of $226.61 and a two-hundred day moving average of $219.73. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.03. The business had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. On average, sell-side analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials's payout ratio is 7.36%.

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.