Eagle Materials Inc (NYSE:EXP) Stock Holdings Increased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,363 shares of the construction company's stock after buying an additional 1,668 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned about 0.12% of Eagle Materials worth $8,514,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXP. Norges Bank purchased a new position in shares of Eagle Materials during the fourth quarter worth about $93,672,000. GAMMA Investing LLC boosted its holdings in Eagle Materials by 26,787.7% during the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock worth $40,338,000 after buying an additional 181,085 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Eagle Materials in the fourth quarter valued at about $38,115,000. Baupost Group LLC MA boosted its stake in shares of Eagle Materials by 27.6% during the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock worth $157,488,000 after acquiring an additional 137,950 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Eagle Materials by 165.0% in the first quarter. Principal Financial Group Inc. now owns 206,019 shares of the construction company's stock valued at $45,722,000 after purchasing an additional 128,271 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Citigroup reduced their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. DA Davidson dropped their price objective on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. The Goldman Sachs Group set a $242.00 target price on shares of Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $254.44.

Eagle Materials Trading Up 2.0%

Shares of EXP traded up $4.26 during mid-day trading on Thursday, reaching $216.13. The company had a trading volume of 278,278 shares, compared to its average volume of 354,027. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 15.71 and a beta of 1.26. The firm has a fifty day simple moving average of $211.82 and a 200-day simple moving average of $225.74. 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 announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same period last year, the firm earned $2.24 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be given 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 yield of 0.46%. Eagle Materials's payout ratio is currently 7.27%.

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.