Whittier Trust Co. of Nevada Inc. Increases Stake in Eagle Materials Inc (NYSE:EXP)

Whittier Trust Co. of Nevada Inc. raised its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,363 shares of the construction company's stock after acquiring an additional 1,668 shares during the period. Whittier Trust Co. of Nevada Inc. owned approximately 0.12% of Eagle Materials worth $8,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Eagle Materials by 3.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock valued at $444,546,000 after acquiring an additional 66,399 shares in the last quarter. Geode Capital Management LLC boosted its stake in Eagle Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock valued at $178,450,000 after acquiring an additional 15,388 shares in the last quarter. Baupost Group LLC MA boosted its stake in Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after acquiring an additional 137,950 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock worth $146,797,000 after buying an additional 55,578 shares during the period. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Eagle Materials by 2.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock worth $146,099,000 after buying an additional 13,988 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Wall Street Zen downgraded shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Loop Capital lowered their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Finally, Truist Financial lowered their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Trading Down 0.5%

Shares of Eagle Materials stock traded down $1.09 on Friday, reaching $214.91. The company had a trading volume of 152,829 shares, compared to its average volume of 352,699. The firm's 50 day moving average price is $211.54 and its two-hundred day moving average price is $225.53. The firm has a market cap of $7.01 billion, a PE ratio of 15.61 and a beta of 1.26. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The business had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. During the same period in the previous year, the company earned $2.24 earnings per share. Eagle Materials's quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict 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. Investors of record on Monday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's payout ratio is currently 7.27%.

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.