Whittier Trust Co. lifted its stake in Eagle Materials, Inc. (NYSE:EXP) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,979 shares of the construction company’s stock after buying an additional 1,336 shares during the period. Whittier Trust Co. owned approximately 0.07% of Eagle Materials worth $2,779,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Eagle Materials by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 498,229 shares of the construction company’s stock worth $30,407,000 after purchasing an additional 31,233 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Eagle Materials during the 4th quarter worth $95,000. Legal & General Group Plc grew its position in Eagle Materials by 55.0% during the 4th quarter. Legal & General Group Plc now owns 78,481 shares of the construction company’s stock worth $4,790,000 after purchasing an additional 27,846 shares during the last quarter. Macquarie Group Ltd. grew its position in Eagle Materials by 15.6% during the 4th quarter. Macquarie Group Ltd. now owns 61,534 shares of the construction company’s stock worth $3,755,000 after purchasing an additional 8,325 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Eagle Materials by 156.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 40,839 shares of the construction company’s stock worth $2,492,000 after purchasing an additional 24,941 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE EXP traded up $0.65 during midday trading on Friday, hitting $81.95. The company had a trading volume of 411,955 shares, compared to its average volume of 563,220. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.42 and a quick ratio of 0.85. Eagle Materials, Inc. has a twelve month low of $57.00 and a twelve month high of $102.05. The firm has a 50-day simple moving average of $87.61. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, June 21st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, June 20th. Eagle Materials’s dividend payout ratio (DPR) is 7.92%.
EXP has been the topic of several research reports. Stifel Nicolaus set a $101.00 price objective on shares of Eagle Materials and gave the stock a “buy” rating in a research report on Wednesday. TheStreet cut shares of Eagle Materials from a “b” rating to a “c+” rating in a research note on Friday, May 17th. Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Northcoast Research cut shares of Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 target price for the company. in a research note on Monday, July 1st. Finally, Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and reduced their target price for the stock from $106.00 to $92.00 in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Eagle Materials presently has an average rating of “Hold” and an average price target of $93.88.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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