Oppenheimer & Co. Inc. Has $1.20 Million Stock Position in Eagle Materials Inc (NYSE:EXP)

Oppenheimer & Co. Inc. boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 12.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,402 shares of the construction company’s stock after buying an additional 595 shares during the period. Oppenheimer & Co. Inc.’s holdings in Eagle Materials were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Eagle Materials by 3.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company’s stock worth $444,546,000 after purchasing an additional 66,399 shares during the last quarter. Geode Capital Management LLC increased its position in Eagle Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock worth $178,450,000 after purchasing an additional 15,388 shares during the last quarter. Baupost Group LLC MA increased its position in Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock worth $157,488,000 after purchasing an additional 137,950 shares during the last quarter. Federated Hermes Inc. increased its position in Eagle Materials by 10.3% in the 4th quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company’s stock worth $146,797,000 after purchasing an additional 55,578 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in Eagle Materials by 2.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company’s stock worth $146,099,000 after purchasing an additional 13,988 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial dropped their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. DA Davidson dropped their target price on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Stephens set a $255.00 price target on Eagle Materials and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $254.44.

Eagle Materials Stock Performance

EXP opened at $204.38 on Friday. The company has a market cap of $6.67 billion, a PE ratio of 14.85 and a beta of 1.28. The stock has a 50-day moving average of $213.93 and a 200-day moving average of $229.35. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). The business had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $2.24 EPS. As a group, equities research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, June 16th. 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.