Eagle Materials Inc. (NYSE:EXP) Shares Bought by RFG Advisory LLC

RFG Advisory LLC grew its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 19.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,351 shares of the construction company's stock after purchasing an additional 1,695 shares during the quarter. RFG Advisory LLC's holdings in Eagle Materials were worth $2,297,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after purchasing an additional 652,836 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Eagle Materials by 28.2% during the fourth quarter. Trust Point Inc. now owns 2,863 shares of the construction company's stock worth $706,000 after purchasing an additional 630 shares during the period. Tectonic Advisors LLC boosted its position in Eagle Materials by 1.9% in the fourth quarter. Tectonic Advisors LLC now owns 8,594 shares of the construction company's stock valued at $2,121,000 after buying an additional 162 shares during the last quarter. Meritage Portfolio Management increased its holdings in Eagle Materials by 12.4% in the 4th quarter. Meritage Portfolio Management now owns 2,611 shares of the construction company's stock worth $644,000 after buying an additional 288 shares during the period. Finally, Empowered Funds LLC increased its holdings in Eagle Materials by 242.4% in the 4th quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock worth $1,922,000 after buying an additional 5,514 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

NYSE:EXP traded down $0.88 during trading hours on Friday, reaching $200.26. 498,616 shares of the company were exchanged, compared to its average volume of 344,990. 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 market cap of $6.55 billion, a PE ratio of 14.30 and a beta of 1.28. Eagle Materials Inc. has a twelve month low of $195.80 and a twelve month high of $321.93. The stock's 50-day moving average is $220.48 and its 200-day moving average is $241.01.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (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 firm had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same quarter in the previous year, the firm posted $2.24 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be given a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.50%. Eagle Materials's payout ratio is 7.27%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. 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. JPMorgan Chase & Co. decreased their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Finally, Loop Capital reduced their price target on 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, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $254.44.

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.