Hodges Capital Management Inc. Has $44.36 Million Position in Eagle Materials Inc. (NYSE:EXP)

Hodges Capital Management Inc. decreased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 43.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 163,221 shares of the construction company’s stock after selling 125,737 shares during the quarter. Eagle Materials makes up 2.8% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Hodges Capital Management Inc.’s holdings in Eagle Materials were worth $44,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. bought a new position in Eagle Materials in the 4th quarter worth about $1,085,000. NewEdge Wealth LLC boosted its stake in Eagle Materials by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock worth $18,071,000 after purchasing an additional 10,514 shares during the period. Louisiana State Employees Retirement System bought a new position in Eagle Materials in the 4th quarter worth about $1,988,000. Van ECK Associates Corp boosted its stake in Eagle Materials by 39.7% in the 4th quarter. Van ECK Associates Corp now owns 10,537 shares of the construction company’s stock worth $2,137,000 after purchasing an additional 2,993 shares during the period. Finally, TD Asset Management Inc boosted its stake in Eagle Materials by 261.8% in the 4th quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock worth $176,870,000 after purchasing an additional 630,964 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE EXP traded up $2.46 during trading hours on Friday, reaching $217.46. 643,574 shares of the stock traded hands, compared to its average volume of 318,446. The company has a quick ratio of 1.06, a current ratio of 2.62 and a debt-to-equity ratio of 0.83. The company’s 50-day simple moving average is $240.97 and its two-hundred day simple moving average is $236.46. The company has a market capitalization of $7.36 billion, a P/E ratio of 15.97 and a beta of 1.33. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week high of $276.61.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The company had revenue of $476.70 million during the quarter, compared to analysts’ expectations of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. Eagle Materials’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.79 earnings per share. Equities research analysts forecast that Eagle Materials Inc. will post 16.01 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. The Goldman Sachs Group raised their price target on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Loop Capital lowered their price target on Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Finally, Truist Financial raised their price target on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $279.67.

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.