Whittier Trust Co. of Nevada Inc. Raises Holdings in Eagle Materials, Inc. (NYSE:EXP)

Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Eagle Materials, Inc. (NYSE:EXP) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,047 shares of the construction company’s stock after buying an additional 583 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Eagle Materials were worth $468,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Penserra Capital Management LLC purchased a new position in shares of Eagle Materials during the 1st quarter worth approximately $31,000. Quadrant Capital Group LLC raised its stake in shares of Eagle Materials by 294.6% during the 1st quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock worth $97,000 after buying an additional 881 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Eagle Materials during the 4th quarter worth approximately $95,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Eagle Materials during the 2nd quarter worth approximately $174,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Eagle Materials during the 1st quarter worth approximately $207,000. 95.66% of the stock is owned by institutional investors and hedge funds.

NYSE EXP traded up $0.65 during mid-day trading on Friday, hitting $81.95. The stock had a trading volume of 411,955 shares, compared to its average volume of 563,220. Eagle Materials, Inc. has a 52-week low of $57.00 and a 52-week high of $102.05. The firm has a market cap of $3.42 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The stock has a 50 day moving average price of $87.61. The company has a current ratio of 2.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.27). The firm had revenue of $370.60 million during the quarter, compared to analysts’ expectations of $376.95 million. Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 earnings per share. Sell-side analysts expect that Eagle Materials, Inc. will post 5.33 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 21st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, June 20th. Eagle Materials’s payout ratio is 7.92%.

EXP has been the subject of several research analyst reports. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Raymond James downgraded Eagle Materials from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Citigroup raised their price objective on Eagle Materials from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Northcoast Research downgraded Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 price objective for the company. in a research note on Monday, July 1st. Finally, TheStreet downgraded Eagle Materials from a “b” rating to a “c+” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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