Eagle Materials Inc. (NYSE:EXP) Holdings Increased by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in Eagle Materials Inc. (NYSE:EXP) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,899 shares of the construction company’s stock after acquiring an additional 55,578 shares during the period. Federated Hermes Inc.’s holdings in Eagle Materials were worth $146,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EXP. JPMorgan Chase & Co. boosted its stake in Eagle Materials by 60.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after purchasing an additional 652,836 shares in the last quarter. Norges Bank bought a new position in Eagle Materials during the fourth quarter valued at about $93,672,000. Raymond James Financial Inc. acquired a new position in Eagle Materials during the fourth quarter worth about $38,115,000. World Investment Advisors LLC acquired a new position in Eagle Materials during the third quarter worth about $34,846,000. Finally, Artemis Investment Management LLP lifted its holdings in Eagle Materials by 16.2% in the 4th quarter. Artemis Investment Management LLP now owns 270,711 shares of the construction company’s stock valued at $66,801,000 after acquiring an additional 37,689 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $217.54 on Friday. The stock has a market cap of $7.24 billion, a PE ratio of 15.54 and a beta of 1.37. Eagle Materials Inc. has a 12 month low of $205.44 and a 12 month high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $233.13 and a 200-day simple moving average of $263.89.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. On average, sell-side analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, March 17th. Eagle Materials’s payout ratio is presently 7.14%.

Analysts Set New Price Targets

A number of analysts recently commented on EXP shares. DA Davidson dropped their target price on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and cut their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Loop Capital reduced their price objective on Eagle Materials from $280.00 to $245.00 and set a “hold” rating for the company in a research note on Tuesday, April 1st. Stifel Nicolaus began coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a “hold” rating and a $242.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus price target of $279.40.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

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.