Whittier Trust Co. Buys 7,585 Shares of Eagle Materials Inc $EXP

Whittier Trust Co. raised its stake in shares of Eagle Materials Inc (NYSE:EXPFree Report) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,822 shares of the construction company’s stock after buying an additional 7,585 shares during the quarter. Whittier Trust Co. owned about 0.27% of Eagle Materials worth $15,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clearstead Advisors LLC boosted its stake in Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares during the last quarter. IFP Advisors Inc raised its holdings in Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after purchasing an additional 109 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Eagle Materials in the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Eagle Materials during the third quarter worth $34,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on EXP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. Citigroup lowered their price target on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada boosted their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $224.30.

Read Our Latest Stock Report on EXP

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $220.88 on Monday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 16.83 and a beta of 1.37. The stock’s 50-day moving average is $213.59 and its 200-day moving average is $211.72. Eagle Materials Inc has a one year low of $171.99 and a one year high of $245.53. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09.

Eagle Materials (NYSE:EXPGet Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. During the same period in the prior year, the business posted $2.00 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts predict that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is currently 7.62%.

About Eagle Materials

(Free Report)

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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