Reinhart Partners LLC. Acquires 8,305 Shares of Eagle Materials Inc. (NYSE:EXP)

Reinhart Partners LLC. boosted its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,520 shares of the construction company's stock after buying an additional 8,305 shares during the quarter. Reinhart Partners LLC. owned 0.12% of Eagle Materials worth $8,771,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EXP. JPMorgan Chase & Co. grew its stake in Eagle Materials by 3.8% in the fourth 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 in the last quarter. Geode Capital Management LLC grew its holdings in Eagle Materials by 2.2% in the 4th 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 grew its stake in shares of 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 during the last quarter. Federated Hermes Inc. raised its holdings in Eagle Materials by 10.3% in the 4th quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock valued at $146,797,000 after acquiring an additional 55,578 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Eagle Materials by 2.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock valued at $146,099,000 after buying an additional 13,988 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Eagle Materials Price Performance

Shares of EXP traded up $1.73 during mid-day trading on Tuesday, reaching $203.62. 377,438 shares of the stock traded hands, compared to its average volume of 346,809. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 14.54 and a beta of 1.28. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $218.75 and a 200 day moving average price of $238.39. Eagle Materials Inc. has a 1 year low of $195.80 and a 1 year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released 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 34.14% and a net margin of 20.91%. The company had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. During the same quarter in the prior year, the firm posted $2.24 EPS. The firm's quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.49%. Eagle Materials's dividend payout ratio is 7.27%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stephens set a $255.00 price objective on Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. DA Davidson dropped their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Truist Financial cut their price objective 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $254.44.

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.