JLB & Associates Inc. Invests $948,000 in Eagle Materials Inc (NYSE:EXP)

JLB & Associates Inc. purchased a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,272 shares of the construction company's stock, valued at approximately $948,000.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA lifted its stake in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Huntington National Bank lifted its stake in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after acquiring an additional 310 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Eagle Materials by 19.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock valued at $111,000 after acquiring an additional 81 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Stephens set a $255.00 price target on Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. DA Davidson decreased their price objective on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Truist Financial decreased their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Loop Capital decreased their price objective on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. One 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Trading Up 1.0%

Eagle Materials stock traded up $1.89 during trading hours on Thursday, reaching $195.57. 490,528 shares of the company's stock were exchanged, compared to its average volume of 349,732. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. The firm's 50 day simple moving average is $216.16 and its 200 day simple moving average is $233.49. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The firm has a market capitalization of $6.40 billion, a PE ratio of 14.21 and a beta of 1.28.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share 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 analyst estimates of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The business's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.24 earnings per share. Research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business 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 is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

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.