Whittier Trust Co. Purchases 1,823 Shares of Eagle Materials Inc $EXP

Whittier Trust Co. lifted its position in Eagle Materials Inc (NYSE:EXP) by 2.5% during the 2nd quarter, Holdings Channel reports. The firm owned 75,192 shares of the construction company’s stock after buying an additional 1,823 shares during the quarter. Whittier Trust Co.’s holdings in Eagle Materials were worth $15,197,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock worth $475,068,000 after purchasing an additional 339,089 shares during the last quarter. Baupost Group LLC MA grew its holdings in shares of Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock worth $201,875,000 after purchasing an additional 271,410 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Eagle Materials by 4.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock worth $153,607,000 after purchasing an additional 28,559 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Eagle Materials by 57.2% in the 2nd quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock worth $123,640,000 after purchasing an additional 222,537 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Eagle Materials by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company’s stock worth $127,876,000 after purchasing an additional 54,324 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Eagle Materials stock opened at $237.76 on Tuesday. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The company has a market cap of $7.71 billion, a PE ratio of 17.51 and a beta of 1.31. The company’s 50-day moving average is $233.29 and its two-hundred day moving average is $222.14.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. Equities analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Loop Capital upped their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Wells Fargo & Company upgraded shares of Eagle Materials to a “strong-buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.