John G Ullman & Associates Inc. Purchases Shares of 12,800 Eagle Materials Inc (NYSE:EXP)

Key Points

• John G Ullman & Associates Inc. has acquired 12,800 shares of Eagle Materials Inc, valued at approximately $2.84 million, indicating a growing institutional interest in the company.
• Eagle Materials recently reported $2.08 earnings per share, missing analysts' expectations, with a revenue of $470.18 million for the quarter, down 1.4% from the previous year.
• The company has announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.44% for shareholders.

John G Ullman & Associates Inc. purchased a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 12,800 shares of the construction company's stock, valued at approximately $2,841,000.

Several other institutional investors also recently bought and sold shares of EXP. Norges Bank acquired a new position in Eagle Materials in the 4th quarter valued at $93,672,000. GAMMA Investing LLC grew its stake in shares of Eagle Materials by 26,787.7% during the 1st quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock valued at $40,338,000 after buying an additional 181,085 shares during the period. Victory Capital Management Inc. grew its stake in shares of Eagle Materials by 111.1% during the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock valued at $73,477,000 after buying an additional 174,241 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Eagle Materials during the 4th quarter valued at $38,115,000. Finally, Baupost Group LLC MA grew its stake in shares of Eagle Materials by 27.6% during the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after buying an additional 137,950 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXP. Citigroup lowered their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Truist Financial decreased 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 report on Thursday, April 24th. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, Loop Capital decreased their price target on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Stock Down 1.5%

Shares of EXP stock traded down $3.49 during trading hours on Monday, hitting $222.74. 305,725 shares of the company were exchanged, compared to its average volume of 398,321. 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 one year low of $191.91 and a one year high of $321.93. The business's 50-day simple moving average is $209.50 and its two-hundred day simple moving average is $224.27. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 16.18 and a beta of 1.26.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). The company had revenue of $470.18 million for the quarter, compared to the consensus estimate 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 for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.24 EPS. Sell-side analysts predict that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Monday, June 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.45%. Eagle Materials's dividend payout ratio (DPR) is 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.