Reinhart Partners LLC. Acquires 8,305 Shares of Eagle Materials Inc. (NYSE:EXP)

Reinhart Partners LLC. raised its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 26.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 39,520 shares of the construction company’s stock after acquiring an additional 8,305 shares during the period. Reinhart Partners LLC. owned approximately 0.12% of Eagle Materials worth $8,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA raised its position in shares of Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after acquiring an additional 71 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Huntington National Bank increased its position 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 buying an additional 144 shares in the last quarter. LGT Financial Advisors LLC increased 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 valued at $109,000 after buying an additional 310 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased 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 valued at $111,000 after buying an additional 81 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

EXP has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the company a “buy” rating in a research report on Wednesday, May 21st. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a “hold” rating in a research report on Wednesday, May 21st. Loop Capital reduced their target price 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. Stephens set a $255.00 target price on shares of Eagle Materials and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $254.44.

Eagle Materials Trading Down 0.4%

Eagle Materials stock opened at $200.26 on Friday. The firm has a 50-day moving average of $219.93 and a 200-day moving average of $240.32. Eagle Materials Inc. has a one year low of $195.80 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 14.30 and a beta of 1.28.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same quarter in the prior year, the company earned $2.24 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.50%. Eagle Materials’s dividend payout ratio (DPR) 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.