Weybosset Research & Management LLC Increases Stake in Eagle Materials Inc $EXP

Weybosset Research & Management LLC boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,344 shares of the construction company’s stock after buying an additional 5,634 shares during the quarter. Eagle Materials accounts for 2.4% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 21st largest position. Weybosset Research & Management LLC’s holdings in Eagle Materials were worth $8,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new stake in shares of Eagle Materials during the fourth quarter worth $2,317,000. Rockefeller Capital Management L.P. boosted its holdings in Eagle Materials by 23.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,147 shares of the construction company’s stock valued at $444,000 after purchasing an additional 405 shares during the period. Corient Private Wealth LLC boosted its holdings in Eagle Materials by 36.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,821 shares of the construction company’s stock valued at $379,000 after purchasing an additional 485 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Eagle Materials by 2,127.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,225 shares of the construction company’s stock valued at $253,000 after purchasing an additional 1,170 shares during the period. Finally, Aristides Capital LLC grew its stake in Eagle Materials by 4.7% during the 4th quarter. Aristides Capital LLC now owns 5,821 shares of the construction company’s stock worth $1,203,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $224.86 on Monday. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. The firm has a fifty day moving average price of $208.61 and a 200 day moving average price of $211.47. The company has a market cap of $6.95 billion, a P/E ratio of 17.14 and a beta of 1.37. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.59 by $0.32. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. During the same quarter in the prior year, the company posted $2.00 earnings per share. Eagle Materials’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s dividend payout ratio is presently 7.62%.

Analyst Upgrades and Downgrades

EXP has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Stephens lowered their price objective on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Royal Bank Of Canada upped their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. Finally, Citigroup reduced their target price on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Eagle Materials currently has a consensus rating of “Hold” and a consensus target price of $224.30.

Eagle Materials Profile

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.