Skylands Capital LLC Purchases 5,725 Shares of Eagle Materials Inc (NYSE:EXP)

Skylands Capital LLC increased its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,455 shares of the construction company's stock after buying an additional 5,725 shares during the quarter. Eagle Materials comprises about 1.5% of Skylands Capital LLC's portfolio, making the stock its 16th biggest position. Skylands Capital LLC owned approximately 0.14% of Eagle Materials worth $10,532,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. RBA Wealth Management LLC raised its stake in shares of Eagle Materials by 1.7% in the first quarter. RBA Wealth Management LLC now owns 22,271 shares of the construction company's stock worth $4,943,000 after purchasing an additional 380 shares during the last quarter. Balefire LLC purchased a new stake in shares of Eagle Materials in the first quarter worth approximately $368,000. Hi Line Capital Management LLC purchased a new stake in shares of Eagle Materials in the first quarter worth approximately $4,770,000. Sheets Smith Wealth Management raised its stake in shares of Eagle Materials by 4.4% in the first quarter. Sheets Smith Wealth Management now owns 2,696 shares of the construction company's stock worth $598,000 after purchasing an additional 113 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Eagle Materials by 12.4% in the first quarter. Oppenheimer & Co. Inc. now owns 5,402 shares of the construction company's stock worth $1,199,000 after purchasing an additional 595 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXP has been the subject of several analyst reports. Truist Financial lowered their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Citigroup lowered their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. DA Davidson decreased their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Performance

NYSE EXP traded up $1.39 on Friday, hitting $204.38. 1,027,988 shares of the stock traded hands, compared to its average volume of 350,649. The business's fifty day moving average is $213.93 and its two-hundred day moving average is $229.35. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 14.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The firm had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same period last year, the company posted $2.24 earnings per share. Eagle Materials's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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