NBC Securities Inc. Boosts Stake in Eagle Materials Inc. (NYSE:EXP)

NBC Securities Inc. raised its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 108,562.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,693 shares of the construction company's stock after buying an additional 8,685 shares during the quarter. NBC Securities Inc.'s holdings in Eagle Materials were worth $1,929,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Eagle Materials by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock valued at $444,546,000 after purchasing an additional 66,399 shares during the last quarter. Geode Capital Management LLC raised its stake in Eagle Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock valued at $178,450,000 after buying an additional 15,388 shares during the last quarter. Baupost Group LLC MA boosted its holdings in Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock worth $157,488,000 after acquiring an additional 137,950 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock worth $146,797,000 after acquiring an additional 55,578 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Eagle Materials by 2.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock valued at $146,099,000 after acquiring an additional 13,988 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXP. Citigroup cut their price target on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Truist Financial lowered their price objective 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 cut their target price on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. 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, the company presently has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Trading Up 0.1%

NYSE:EXP traded up $0.24 during trading hours on Thursday, hitting $201.18. The company had a trading volume of 370,549 shares, compared to its average volume of 343,968. Eagle Materials Inc. has a 1 year low of $195.80 and a 1 year high of $321.93. The company has a market cap of $6.58 billion, a P/E ratio of 14.37 and a beta of 1.36. The company has a 50-day moving average of $220.89 and a 200 day moving average of $241.69. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The firm had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same quarter in the prior year, the business earned $2.24 EPS. The firm's quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently declared 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 of this dividend is Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Eagle Materials's dividend payout ratio 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.