Eagle Materials Inc (NYSE:EXP) Shares Bought by Bretton Capital Management LLC

Bretton Capital Management LLC raised its stake in Eagle Materials Inc (NYSE:EXP) by 40.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 19,600 shares of the construction company’s stock after purchasing an additional 5,600 shares during the period. Eagle Materials comprises 4.1% of Bretton Capital Management LLC’s portfolio, making the stock its 15th largest holding. Bretton Capital Management LLC’s holdings in Eagle Materials were worth $4,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of EXP. Transce3nd LLC grew its position in Eagle Materials by 9.7% in the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock valued at $122,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC raised its holdings in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after purchasing an additional 52 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Eagle Materials by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company’s stock worth $240,000 after purchasing an additional 55 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Eagle Materials by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company’s stock worth $3,868,000 after purchasing an additional 75 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its holdings in Eagle Materials by 3.8% during the first quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company’s stock worth $468,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Loop Capital upped their price target on Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Truist Financial dropped their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the stock a “buy” rating in a research note on Wednesday, May 21st. DA Davidson dropped their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Finally, Citigroup dropped their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $255.33.

Eagle Materials Price Performance

NYSE EXP opened at $233.70 on Friday. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. 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 stock has a market cap of $7.58 billion, a price-to-earnings ratio of 17.21 and a beta of 1.24. The company has a 50-day moving average price of $214.62 and a two-hundred day moving average price of $221.73.

Eagle Materials (NYSE:EXP) last posted its earnings results 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 firm had revenue of $634.69 million during the quarter, compared to analysts’ expectations of $611.52 million. Analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Eagle Materials’s dividend payout ratio is currently 7.36%.

About Eagle Materials

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.