Eagle Materials Inc (NYSE:EXP) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,004 shares of the construction company's stock after purchasing an additional 16,428 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.25% of Eagle Materials worth $18,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Huntington National Bank lifted its holdings in Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares during the last quarter. Parallel Advisors LLC lifted its position in Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares during the last quarter. Private Trust Co. NA lifted its position in Eagle Materials by 39.0% in the first 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. LGT Financial Advisors LLC lifted its position in Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after buying an additional 310 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock valued at $103,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. DA Davidson reduced their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen cut shares of Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. Finally, Citigroup decreased their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Up 2.0%

Shares of NYSE EXP traded up $4.26 during midday trading on Thursday, hitting $216.13. 278,278 shares of the company's stock were exchanged, compared to its average volume of 353,436. The firm's fifty day simple moving average is $211.54 and its 200-day simple moving average is $225.53. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03. The company has a market cap of $7.05 billion, a PE ratio of 15.71 and a beta of 1.26.

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

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

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.