Oppenheimer Asset Management Inc. Grows Stock Position in Eagle Materials Inc (NYSE:EXP)

Oppenheimer Asset Management Inc. grew its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,443 shares of the construction company's stock after acquiring an additional 2,045 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Eagle Materials were worth $3,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after acquiring an additional 71 shares during the last quarter. Huntington National Bank increased its position in shares of Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after purchasing an additional 52 shares during the last quarter. LGT Financial Advisors LLC increased its position in shares of Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after purchasing an additional 310 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Eagle Materials by 19.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock valued at $111,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Up 0.7%

Shares of NYSE EXP traded up $1.39 during mid-day trading on Friday, reaching $204.38. 1,027,988 shares of the company were exchanged, compared to its average volume of 350,649. 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 stock has a market cap of $6.67 billion, a price-to-earnings ratio of 14.85 and a beta of 1.28. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The firm has a 50-day moving average of $213.93 and a 200 day moving average of $229.01.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 earnings per share. On average, research 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. Shareholders of record on Monday, June 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXP. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday. 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. Truist Financial dropped 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. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Stephens set a $255.00 price objective on Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $254.44.

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.