Eagle Materials Inc (NYSE:EXP) Position Increased by Whittier Trust Co.

Whittier Trust Co. increased its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,369 shares of the construction company's stock after acquiring an additional 1,431 shares during the quarter. Whittier Trust Co. owned approximately 0.22% of Eagle Materials worth $16,283,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in Eagle Materials by 21.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,465 shares of the construction company's stock valued at $855,000 after buying an additional 610 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Eagle Materials by 4.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,222 shares of the construction company's stock valued at $1,535,000 after buying an additional 237 shares in the last quarter. HighTower Advisors LLC raised its stake in Eagle Materials by 18.5% during the fourth quarter. HighTower Advisors LLC now owns 3,420 shares of the construction company's stock valued at $844,000 after buying an additional 533 shares in the last quarter. RD Lewis Holdings Inc. acquired a new stake in Eagle Materials during the fourth quarter valued at approximately $285,000. Finally, Intech Investment Management LLC acquired a new stake in Eagle Materials during the fourth quarter valued at approximately $952,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Stock Up 2.0%

Shares of EXP traded up $4.26 during mid-day trading on Thursday, reaching $216.13. The company's stock had a trading volume of 278,278 shares, compared to its average volume of 354,027. The business has a fifty day moving average of $211.82 and a 200 day moving average of $225.74. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 15.71 and a beta of 1.26. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84.

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

Eagle Materials Announces Dividend

The firm 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. 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 0.46%. Eagle Materials's payout ratio is currently 7.27%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. DA Davidson decreased their price objective on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. 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. Citigroup cut 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. Finally, 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. One research 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $254.44.

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.