Xponance Inc. Acquires 185 Shares of Eagle Materials Inc (NYSE:EXP)

Xponance Inc. boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 3.1% during the first quarter, HoldingsChannel reports. The fund owned 6,230 shares of the construction company’s stock after purchasing an additional 185 shares during the quarter. Xponance Inc.’s holdings in Eagle Materials were worth $1,383,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after acquiring an additional 52 shares during the last quarter. Huntington National Bank boosted its stake in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after purchasing an additional 144 shares during the last quarter. Private Trust Co. NA boosted its stake 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 last quarter. LGT Financial Advisors LLC raised its position in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after acquiring an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Eagle Materials by 19.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company’s stock worth $111,000 after acquiring an additional 81 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EXP shares. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a “hold” rating in a research report on Wednesday, May 21st. Loop Capital lowered their price objective on Eagle Materials from $245.00 to $237.00 and set a “hold” rating for the company in a research report on Wednesday, May 21st. DA Davidson lowered 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. Truist Financial cut their target price on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $254.44.

Eagle Materials Stock Down 3.2%

Shares of NYSE EXP opened at $213.63 on Wednesday. The stock has a market capitalization of $6.97 billion, a P/E ratio of 15.53 and a beta of 1.26. The company has a 50-day moving average price of $212.08 and a 200-day moving average price of $225.83. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.24 earnings per share. On average, equities research analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials’s dividend 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.