Skylands Capital LLC Has $7.07 Million Position in Eagle Materials Inc $EXP

Skylands Capital LLC lessened its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 7.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,310 shares of the construction company’s stock after selling 3,105 shares during the period. Skylands Capital LLC owned 0.12% of Eagle Materials worth $7,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Black Creek Investment Management Inc. acquired a new position in Eagle Materials during the 4th quarter worth about $103,778,000. Norges Bank bought a new stake in Eagle Materials during the 4th quarter worth about $90,147,000. Baupost Group LLC MA increased its position in Eagle Materials by 39.0% in the 3rd quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after acquiring an additional 263,403 shares in the last quarter. Earnest Partners LLC acquired a new stake in Eagle Materials in the 4th quarter valued at about $52,674,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Eagle Materials in the third quarter worth about $51,812,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on EXP. Stephens decreased their price target on shares of 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. Wells Fargo & Company boosted their price objective on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Finally, Citigroup decreased their price objective on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $224.30.

Eagle Materials Stock Performance

Eagle Materials stock opened at $233.75 on Friday. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $245.53. The company has a market cap of $7.22 billion, a PE ratio of 17.82 and a beta of 1.37. The company’s 50-day moving average is $211.61 and its two-hundred day moving average is $211.79.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.59 by $0.32. The company had revenue of $479.11 million during the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. Eagle Materials’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 EPS. Equities analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s dividend payout ratio (DPR) 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.