Whittier Trust Co. of Nevada Inc. Buys 1,260 Shares of Eagle Materials Inc $EXP

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in Eagle Materials Inc by 3.3% during the second quarter, now owning approximately 39,623 shares valued at $8,008,000.
• Eagle Materials announced a quarterly dividend of $0.25 per share, paid on October 16th, representing an annualized yield of 0.4% and a dividend payout ratio of 7.36%.
• Several brokerages have increased their price targets for Eagle Materials, with Loop Capital raising its price objective from $230 to $245, reflecting positive market sentiment for the stock.

Whittier Trust Co. of Nevada Inc. lifted its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 39,623 shares of the construction company's stock after purchasing an additional 1,260 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned about 0.12% of Eagle Materials worth $8,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of Eagle Materials in the 1st quarter valued at approximately $41,000. Private Trust Co. NA grew its position in shares of Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after purchasing an additional 80 shares during the period. Assetmark Inc. grew its position in shares of Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after purchasing an additional 326 shares during the period. Signaturefd LLC grew its position in shares of Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock valued at $103,000 after purchasing an additional 131 shares during the period. Finally, Transce3nd LLC grew its position in shares of Eagle Materials by 9.7% in the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company's stock valued at $122,000 after purchasing an additional 49 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Up 0.2%

EXP stock opened at $237.76 on Tuesday. 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 stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 17.51 and a beta of 1.31. The business'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 fifty-two week low of $191.91 and a fifty-two week high of $321.93.

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

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 0.4%. Eagle Materials's dividend payout ratio (DPR) is presently 7.36%.

Analysts Set New Price Targets

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

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.

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