Sherbrooke Park Advisers LLC Takes Position in Eagle Materials Inc. (NYSE:EXP)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,181 shares of the construction company's stock, valued at approximately $291,000.

Several other institutional investors have also recently modified their holdings of EXP. JPMorgan Chase & Co. grew its position in Eagle Materials by 60.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after acquiring an additional 652,836 shares during the last quarter. Norges Bank bought a new position in Eagle Materials during the 4th quarter worth approximately $93,672,000. Raymond James Financial Inc. bought a new position in Eagle Materials during the 4th quarter worth approximately $38,115,000. Baupost Group LLC MA grew its position in shares of Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock worth $157,488,000 after buying an additional 137,950 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $28,778,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Performance

NYSE:EXP traded up $1.11 during mid-day trading on Friday, hitting $214.77. 316,775 shares of the company traded hands, compared to its average volume of 337,780. The stock's fifty day moving average price is $223.74 and its 200-day moving average price is $246.53. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 15.34 and a beta of 1.36.

Eagle Materials (NYSE:EXP - Get Free Report) last posted 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 firm had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Eagle Materials's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.24 earnings per share. Research analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share 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. Investors of record on Monday, June 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials's dividend payout ratio is currently 7.27%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXP. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the company a "buy" rating in a research note on Wednesday. DA Davidson reduced their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday. Truist Financial reduced their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. cut 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. Finally, Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $260.00.

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.