Whittier Trust Co. Has $15.56 Million Stock Holdings in Eagle Materials Inc $EXP

Whittier Trust Co. increased its position in Eagle Materials Inc (NYSE:EXP) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,822 shares of the construction company’s stock after purchasing an additional 7,585 shares during the quarter. Whittier Trust Co.’s holdings in Eagle Materials were worth $15,562,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Focus Partners Wealth raised 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 period. EverSource Wealth Advisors LLC boosted its stake in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after acquiring an additional 87 shares during the period. First Trust Advisors LP increased its holdings in shares of Eagle Materials by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock worth $20,609,000 after acquiring an additional 5,612 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Eagle Materials by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock worth $276,000 after acquiring an additional 101 shares during the last quarter. Finally, Jump Financial LLC raised its stake in Eagle Materials by 359.9% in the 2nd quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after acquiring an additional 9,790 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXP has been the subject of several research reports. Citigroup cut their price target on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Stephens decreased their price target on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company raised their price objective on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $224.30.

Eagle Materials Stock Up 0.3%

EXP stock opened at $220.88 on Monday. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $245.53. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 16.83 and a beta of 1.37. The business’s fifty day moving average price is $213.59 and its two-hundred day moving average price is $211.72.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. During the same period in the prior year, the company posted $2.00 earnings per share. Eagle Materials’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.62%.

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.