Eagle Materials Inc $EXP Position Increased by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of Eagle Materials Inc (NYSE:EXP) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 463,693 shares of the construction company’s stock after purchasing an additional 2,772 shares during the quarter. Federated Hermes Inc. owned approximately 1.43% of Eagle Materials worth $108,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EXP. Focus Partners Wealth lifted its stake in Eagle Materials by 21.5% in the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after buying an additional 357 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Eagle Materials by 15.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,772 shares of the construction company’s stock worth $379,000 after acquiring an additional 232 shares during the period. Janney Montgomery Scott LLC lifted its position in Eagle Materials by 1,822.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 44,193 shares of the construction company’s stock valued at $8,932,000 after purchasing an additional 41,894 shares during the last quarter. HB Wealth Management LLC boosted its stake in Eagle Materials by 19.4% during the 2nd quarter. HB Wealth Management LLC now owns 1,118 shares of the construction company’s stock valued at $226,000 after purchasing an additional 182 shares during the period. Finally, J2 Capital Management Inc boosted its stake in Eagle Materials by 34.5% during the 2nd quarter. J2 Capital Management Inc now owns 1,517 shares of the construction company’s stock valued at $307,000 after purchasing an additional 389 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. DA Davidson cut their price target on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stephens restated an “equal weight” rating and issued a $245.00 target price on shares of Eagle Materials in a research report on Tuesday, January 20th. Citigroup reduced their price target on Eagle Materials from $233.00 to $232.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered their price target on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Finally, Jefferies Financial Group restated a “hold” rating and set a $226.00 price objective on shares of Eagle Materials in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $235.20.

Insider Activity at Eagle Materials

In related news, Director David E. Rush acquired 1,000 shares of Eagle Materials stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $208.08 per share, with a total value of $208,080.00. Following the purchase, the director directly owned 4,173 shares in the company, valued at $868,317.84. The trade was a 31.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Eagle Materials Stock Down 0.9%

EXP opened at $217.64 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 2.72. The company has a market capitalization of $6.98 billion, a PE ratio of 16.06 and a beta of 1.36. The stock’s fifty day moving average is $220.42 and its 200-day moving average is $224.14. Eagle Materials Inc has a one year low of $191.91 and a one year high of $264.91.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a net margin of 19.41% and a return on equity of 30.13%. The firm had revenue of $638.91 million for the quarter, compared to the consensus estimate of $635.55 million. During the same period in the prior year, the business earned $4.31 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is currently 7.38%.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.