Whittier Trust Co. lifted its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,369 shares of the construction company's stock after buying an additional 1,431 shares during the quarter. Whittier Trust Co. owned about 0.22% of Eagle Materials worth $16,283,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Bridges Investment Management Inc. grew its stake in shares of Eagle Materials by 111.4% in the 1st quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock valued at $1,535,000 after buying an additional 3,645 shares in the last quarter. Hi Line Capital Management LLC bought a new stake in shares of Eagle Materials in the 1st quarter valued at approximately $4,770,000. GAMMA Investing LLC grew its stake in shares of Eagle Materials by 21.2% in the 1st quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after buying an additional 143 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Eagle Materials by 234.6% in the 1st quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock valued at $1,089,000 after buying an additional 3,439 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Eagle Materials by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 22,400 shares of the construction company's stock valued at $5,527,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 96.07% of the company's stock.
Analyst Upgrades and Downgrades
EXP has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Truist Financial decreased their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Citigroup decreased their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Stephens set a $255.00 target price on Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Eagle Materials has an average rating of "Hold" and an average target price of $254.44.
Get Our Latest Analysis on EXP
Eagle Materials Stock Performance
Shares of NYSE EXP traded down $1.09 during trading hours on Friday, reaching $214.91. The stock had a trading volume of 152,829 shares, compared to its average volume of 352,699. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 15.61 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. The business's fifty day moving average is $211.54 and its two-hundred day moving average is $225.53. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03.
Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). The firm had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $2.24 earnings per share. As a group, research analysts expect 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. Investors of record on Monday, June 16th will be given a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.47%. Eagle Materials's dividend payout ratio (DPR) is currently 7.27%.
About Eagle Materials
(
Free Report)
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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