Hamilton Point Investment Advisors LLC Buys 2,851 Shares of Eagle Materials Inc $EXP

Hamilton Point Investment Advisors LLC lifted its stake in Eagle Materials Inc (NYSE:EXP) by 10.3% in the 1st quarter, HoldingsChannel reports. The firm owned 30,647 shares of the construction company’s stock after buying an additional 2,851 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Eagle Materials were worth $5,814,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Caisse de depot et placement du Quebec increased its position in shares of Eagle Materials by 3.6% during the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after buying an additional 50 shares during the period. Signaturefd LLC lifted its holdings in Eagle Materials by 15.8% in the fourth quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock worth $80,000 after buying an additional 53 shares during the period. GAMMA Investing LLC lifted its holdings in Eagle Materials by 5.9% in the fourth quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock worth $217,000 after buying an additional 58 shares during the period. M&T Bank Corp boosted its position in Eagle Materials by 2.6% during the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock valued at $498,000 after acquiring an additional 61 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in Eagle Materials by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 1,294 shares of the construction company’s stock valued at $245,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EXP shares. Zacks Research raised Eagle Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target on the stock in a research report on Tuesday, June 2nd. Citigroup lifted their price target on Eagle Materials from $217.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Stephens reduced their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $226.00.

Eagle Materials Trading Down 3.7%

NYSE:EXP opened at $206.13 on Friday. Eagle Materials Inc has a one year low of $171.99 and a one year high of $245.53. 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’s 50-day simple moving average is $213.33 and its 200 day simple moving average is $211.16. The firm has a market capitalization of $6.37 billion, a P/E ratio of 15.71 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last announced 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. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. During the same quarter last year, the firm earned $2.00 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts forecast that Eagle Materials Inc will post 12.9 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is presently 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.