American Trust Has $328,000 Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

American Trust increased its stake in shares of Eagle Materials Inc. (NYSE:EXPGet Rating) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,554 shares of the construction company’s stock after purchasing an additional 231 shares during the quarter. American Trust’s holdings in Eagle Materials were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EXP. Vestmark Advisory Solutions Inc. grew its holdings in Eagle Materials by 5.9% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,764 shares of the construction company’s stock worth $226,000 after acquiring an additional 98 shares during the last quarter. Comerica Bank grew its holdings in Eagle Materials by 0.4% during the 1st quarter. Comerica Bank now owns 25,154 shares of the construction company’s stock worth $3,207,000 after acquiring an additional 103 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Eagle Materials by 1.2% in the 4th quarter. Squarepoint Ops LLC now owns 8,963 shares of the construction company’s stock valued at $1,492,000 after purchasing an additional 109 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Eagle Materials by 2.5% in the 1st quarter. Park Avenue Securities LLC now owns 4,726 shares of the construction company’s stock valued at $607,000 after purchasing an additional 116 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Eagle Materials by 1.3% in the 1st quarter. Strs Ohio now owns 9,692 shares of the construction company’s stock valued at $1,244,000 after purchasing an additional 122 shares during the last quarter. 93.41% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

EXP opened at $111.43 on Monday. The company has a current ratio of 2.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.00. The company’s fifty day moving average price is $122.82 and its two-hundred day moving average price is $123.73. Eagle Materials Inc. has a 1-year low of $105.34 and a 1-year high of $169.15. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 11.56 and a beta of 1.29.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 0.90%. Eagle Materials’s payout ratio is 10.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stephens reduced their price objective on shares of Eagle Materials to $170.00 in a research note on Tuesday, July 26th. StockNews.com raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Truist Financial reduced their price objective on shares of Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, May 23rd. JPMorgan Chase & Co. downgraded shares of Eagle Materials from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $165.00 to $130.00 in a research report on Wednesday, July 20th. Finally, Citigroup boosted their target price on shares of Eagle Materials to $146.00 in a research report on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.09.

Eagle Materials Company Profile

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland 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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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