Chilton Capital Management LLC Trims Stock Position in Eagle Materials Inc $EXP

Chilton Capital Management LLC cut its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 2.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the construction company’s stock after selling 60 shares during the period. Chilton Capital Management LLC’s holdings in Eagle Materials were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oppenheimer Asset Management Inc. boosted its stake in shares of Eagle Materials by 1.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,671 shares of the construction company’s stock valued at $3,369,000 after purchasing an additional 228 shares in the last quarter. Leeward Investments LLC MA boosted its stake in shares of Eagle Materials by 23.3% during the second quarter. Leeward Investments LLC MA now owns 44,235 shares of the construction company’s stock valued at $8,940,000 after purchasing an additional 8,358 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Paralel Advisors LLC boosted its stake in shares of Eagle Materials by 30.3% during the second quarter. Paralel Advisors LLC now owns 12,039 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 2,799 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Eagle Materials by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 39,623 shares of the construction company’s stock valued at $8,008,000 after purchasing an additional 1,260 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Down 0.4%

NYSE:EXP opened at $232.98 on Monday. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The firm has a fifty day simple moving average of $233.24 and a 200-day simple moving average of $222.79. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $7.56 billion, a P/E ratio of 17.16 and a beta of 1.31.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The business had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. On average, equities research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, September 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, September 15th. Eagle Materials’s payout ratio is presently 7.36%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXP. Loop Capital increased their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Finally, Zacks Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average price target of $255.40.

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.