Leeward Investments LLC MA Purchases Shares of 35,877 Eagle Materials Inc (NYSE:EXP)

Leeward Investments LLC MA acquired a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 35,877 shares of the construction company's stock, valued at approximately $7,962,000. Leeward Investments LLC MA owned about 0.11% of Eagle Materials as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Eagle Materials by 165.0% in the 1st quarter. Principal Financial Group Inc. now owns 206,019 shares of the construction company's stock valued at $45,722,000 after buying an additional 128,271 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Eagle Materials by 234.6% in 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 buying an additional 3,439 shares during the last quarter. Private Trust Co. NA boosted its position in Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after buying an additional 80 shares during the last quarter. Keybank National Association OH boosted its position in shares of Eagle Materials by 45.3% in the 1st quarter. Keybank National Association OH now owns 3,452 shares of the construction company's stock worth $766,000 after purchasing an additional 1,077 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in shares of Eagle Materials in the 1st quarter worth $1,657,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EXP. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Truist Financial reduced their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. DA Davidson reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $254.44.

Eagle Materials Trading Up 0.3%

Eagle Materials stock traded up $0.54 during mid-day trading on Friday, hitting $214.28. 346,994 shares of the company's stock were exchanged, compared to its average volume of 352,399. The firm has a market capitalization of $6.99 billion, a P/E ratio of 15.57 and a beta of 1.26. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. 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 company's 50 day simple moving average is $213.40 and its 200-day simple moving average is $227.18.

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

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's dividend payout ratio is 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.