Ballentine Partners LLC Takes Position in Eagle Materials Inc. (NYSE:EXP)

Ballentine Partners LLC purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 794 shares of the construction company’s stock, valued at approximately $216,000.

Other large investors have also recently modified their holdings of the company. Tompkins Financial Corp bought a new position in shares of Eagle Materials during the first quarter valued at $27,000. Rise Advisors LLC bought a new position in shares of Eagle Materials during the first quarter valued at $27,000. Global Wealth Management Investment Advisory Inc. bought a new position in shares of Eagle Materials during the fourth quarter valued at $30,000. Planned Solutions Inc. bought a new position in shares of Eagle Materials during the fourth quarter valued at $35,000. Finally, Covestor Ltd raised its stake in Eagle Materials by 112.6% during the third quarter. Covestor Ltd now owns 321 shares of the construction company’s stock worth $54,000 after buying an additional 170 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Eagle Materials from $311.00 to $297.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. The Goldman Sachs Group lifted their target price on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Stephens lifted their target price on shares of Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Finally, Truist Financial lifted their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $279.67.

Eagle Materials Stock Up 0.6 %

Shares of NYSE EXP opened at $214.57 on Thursday. The stock has a market capitalization of $7.27 billion, a P/E ratio of 15.75 and a beta of 1.33. The company has a 50-day moving average price of $241.92 and a 200-day moving average price of $236.40. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $276.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.62 and a quick ratio of 1.06.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The business had revenue of $476.70 million for the quarter, compared to analyst estimates of $480.20 million. Eagle Materials had a net margin of 21.14% and a return on equity of 37.31%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.79 earnings per share. On average, equities research analysts forecast that Eagle Materials Inc. will post 16.07 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued 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 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Eagle Materials 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.