Segall Bryant & Hamill LLC Buys 16,428 Shares of Eagle Materials Inc (NYSE:EXP)

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

Several other large investors have also bought and sold shares of the business. Victory Capital Management Inc. increased its stake in Eagle Materials by 111.1% in the first quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock valued at $73,477,000 after purchasing an additional 174,241 shares in the last quarter. Tectonic Advisors LLC increased its stake in Eagle Materials by 11.6% in the first quarter. Tectonic Advisors LLC now owns 9,590 shares of the construction company's stock valued at $2,128,000 after purchasing an additional 996 shares in the last quarter. Larson Financial Group LLC increased its stake in Eagle Materials by 15.4% in the first quarter. Larson Financial Group LLC now owns 1,444 shares of the construction company's stock valued at $320,000 after purchasing an additional 193 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Eagle Materials by 4.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 38,363 shares of the construction company's stock valued at $8,514,000 after purchasing an additional 1,668 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Eagle Materials by 2.0% in the first quarter. Whittier Trust Co. now owns 73,369 shares of the construction company's stock valued at $16,283,000 after purchasing an additional 1,431 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EXP shares. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Loop Capital decreased their target price on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Citigroup decreased their target price 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. Wall Street Zen downgraded shares of Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. Finally, The Goldman Sachs Group set a $242.00 target price on shares of Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Performance

Shares of NYSE EXP traded down $0.84 during mid-day trading on Friday, reaching $215.16. 253,445 shares of the company were exchanged, compared to its average volume of 353,552. The company's 50-day simple moving average is $211.25 and its 200-day simple moving average is $225.16. 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 capitalization of $7.02 billion, a P/E ratio of 15.64 and a beta of 1.26. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly 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). Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The business had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same period in the prior year, the business posted $2.24 earnings per share. Eagle Materials's revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current 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 is currently 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.