Whittier Trust Co. Has $15.20 Million Stock Position in Eagle Materials Inc $EXP

Key Points

• Whittier Trust Co. increased its stake in Eagle Materials Inc. by 2.5%, owning approximately 75,192 shares worth about $15.20 million as of the latest filing.
• Overall, institutional investors account for 96.07% of Eagle Materials’ shares, with several firms significantly increasing their holdings in the first quarter of 2024.
• Analysts have recently raised their target prices for Eagle Materials, with reports indicating a consensus rating of "Hold" and an average target price of $255.40.

Whittier Trust Co. lifted its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,192 shares of the construction company's stock after buying an additional 1,823 shares during the quarter. Whittier Trust Co. owned about 0.23% of Eagle Materials worth $15,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bridges Investment Management Inc. lifted its stake in shares of Eagle Materials by 111.4% in the first quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock worth $1,535,000 after buying an additional 3,645 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Eagle Materials by 234.6% in the first quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock worth $1,089,000 after buying an additional 3,439 shares during the last quarter. Hi Line Capital Management LLC acquired a new stake in shares of Eagle Materials in the first quarter worth $4,770,000. GAMMA Investing LLC lifted its stake in shares of Eagle Materials by 21.2% in the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock worth $182,000 after buying an additional 143 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EXP shares. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Loop Capital boosted their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eagle Materials in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company raised shares of Eagle Materials to a "strong-buy" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $255.40.

Eagle Materials Trading Up 0.2%

Shares of Eagle Materials stock opened at $237.76 on Tuesday. The firm has a market capitalization of $7.71 billion, a PE ratio of 17.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The company's fifty day moving average price is $233.29 and its two-hundred day moving average price is $222.14. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.03. The firm had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. On average, analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 15th. Eagle Materials's payout ratio is 7.36%.

Eagle Materials Company 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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