Reinhart Partners LLC. Has $5.27 Million Stake in Eagle Materials Inc $EXP

Reinhart Partners LLC. decreased its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 27.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,476 shares of the construction company’s stock after selling 9,545 shares during the quarter. Reinhart Partners LLC.’s holdings in Eagle Materials were worth $5,266,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EXP. Norges Bank acquired a new position in Eagle Materials during the fourth quarter worth about $90,147,000. Baupost Group LLC MA raised its stake in Eagle Materials by 39.0% during the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock worth $218,978,000 after acquiring an additional 263,403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Eagle Materials during the third quarter worth about $51,812,000. Cartenna Capital LP acquired a new position in Eagle Materials during the third quarter worth about $29,480,000. Finally, Ameriprise Financial Inc. raised its stake in Eagle Materials by 56.9% during the second quarter. Ameriprise Financial Inc. now owns 227,869 shares of the construction company’s stock worth $46,047,000 after acquiring an additional 82,679 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Tuesday. Citigroup lowered their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Stephens lowered their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $224.30.

Eagle Materials Stock Performance

Eagle Materials stock opened at $219.05 on Wednesday. The business has a 50 day moving average of $199.75 and a 200-day moving average of $210.82. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $243.64. 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 company has a market capitalization of $6.78 billion, a P/E ratio of 16.70 and a beta of 1.37.

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

Eagle Materials Announces Dividend

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

About Eagle Materials

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.