12th Street Asset Management Company LLC Purchases 628 Shares of Eagle Materials Inc (NYSE:EXP)

12th Street Asset Management Company LLC increased its position in Eagle Materials Inc (NYSE:EXP) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,693 shares of the construction company’s stock after purchasing an additional 628 shares during the period. Eagle Materials makes up 1.6% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 19th largest holding. 12th Street Asset Management Company LLC owned about 0.13% of Eagle Materials worth $9,475,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EXP. Huntington National Bank grew its stake in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after purchasing an additional 144 shares during the period. Parallel Advisors LLC grew its stake in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock valued at $55,000 after purchasing an additional 52 shares during the period. Private Trust Co. NA grew its stake in Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock valued at $63,000 after purchasing an additional 80 shares during the period. Assetmark Inc. grew its stake in Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after purchasing an additional 326 shares during the period. Finally, LGT Financial Advisors LLC grew its stake in Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after purchasing an additional 310 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on EXP shares. Stephens set a $255.00 price objective on Eagle Materials and gave the company an “overweight” rating in a research note on Thursday, May 22nd. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the company a “hold” rating in a research note on Wednesday, May 21st. Wall Street Zen downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 6th. Truist Financial cut their price target on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a “buy” rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $255.33.

Eagle Materials Stock Up 0.3%

Shares of NYSE EXP opened at $228.25 on Thursday. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The business has a 50-day simple moving average of $209.50 and a two-hundred day simple moving average of $224.23. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.45 billion, a P/E ratio of 16.81 and a beta of 1.26.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.03. The firm had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. Research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.27%.

Eagle Materials Company Profile

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.