Eagle Materials Inc $EXP Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in Eagle Materials Inc (NYSE:EXP) by 32.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,441 shares of the construction company’s stock after purchasing an additional 57,823 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Eagle Materials were worth $44,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EXP. Clearstead Advisors LLC grew its position in Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Eagle Materials during the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Eagle Materials during the 3rd quarter worth $34,000. Finally, 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 in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Price Performance

EXP opened at $205.45 on Friday. The firm has a market capitalization of $6.35 billion, a P/E ratio of 16.24 and a beta of 1.37. The stock has a fifty day moving average of $215.16 and a 200-day moving average of $210.77. The company has a quick ratio of 2.09, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $245.53.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The business had revenue of $650.97 million for the quarter, compared to analysts’ expectations of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.76 EPS. Equities analysts forecast that Eagle Materials Inc will post 12.9 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th. Eagle Materials’s payout ratio is 7.91%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a report on Wednesday, May 20th. Stephens increased their price target on Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective on the stock in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $223.44.

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.