Vaughan Nelson Investment Management L.P. Makes New $22.84 Million Investment in Eagle Materials Inc. (NYSE:EXP)

Vaughan Nelson Investment Management L.P. acquired a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 102,930 shares of the construction company's stock, valued at approximately $22,843,000. Vaughan Nelson Investment Management L.P. owned about 0.31% of Eagle Materials as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EXP. Private Trust Co. NA increased its stake in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after purchasing an additional 71 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares in the last quarter. Huntington National Bank grew its position in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after buying an additional 144 shares during the last quarter. LGT Financial Advisors LLC raised its stake in Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after acquiring an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in Eagle Materials by 19.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock worth $111,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial dropped their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. reduced their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Loop Capital decreased their price objective on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Finally, Citigroup cut their target price on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Trading Down 3.3%

Shares of EXP stock opened at $195.80 on Friday. The company has a market capitalization of $6.40 billion, a P/E ratio of 13.99 and a beta of 1.28. 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 business's 50 day moving average is $217.97 and its two-hundred day moving average is $236.06. Eagle Materials Inc. has a twelve month low of $194.62 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Eagle Materials's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.24 earnings per share. Equities analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Monday, June 16th. Eagle Materials's payout ratio 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.

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