Eagle Materials Inc. (NYSE:EXP) Stock Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in Eagle Materials Inc. (NYSE:EXP) by 5.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,527 shares of the construction company’s stock after selling 1,091 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Eagle Materials worth $5,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. YHB Investment Advisors Inc. bought a new stake in shares of Eagle Materials in the 1st quarter worth $27,000. Tompkins Financial Corp purchased a new position in shares of Eagle Materials during the first quarter valued at $27,000. Rise Advisors LLC purchased a new position in shares of Eagle Materials during the first quarter valued at $27,000. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Eagle Materials during the fourth quarter valued at $30,000. Finally, Planned Solutions Inc. purchased a new position in shares of Eagle Materials during the fourth quarter valued at $35,000. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EXP shares. Citigroup lowered their price target on Eagle Materials from $311.00 to $297.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Truist Financial boosted their target price on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Loop Capital lowered their target price on Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, The Goldman Sachs Group boosted their target price on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $279.67.

Eagle Materials Stock Performance

Shares of NYSE EXP traded up $1.21 during trading hours on Tuesday, hitting $214.63. 85,044 shares of the company’s stock were exchanged, compared to its average volume of 303,873. Eagle Materials Inc. has a 1-year low of $145.03 and a 1-year high of $276.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.62 and a quick ratio of 1.06. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 15.67 and a beta of 1.32. The company’s 50-day moving average price is $236.40 and its 200-day moving average price is $237.61.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.48). Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The business had revenue of $476.70 million for the quarter, compared to analyst estimates of $480.20 million. During the same period in the prior year, the firm posted $2.79 EPS. Eagle Materials’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts expect that Eagle Materials Inc. will post 15.99 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 17th. This represents a $1.00 annualized dividend and a yield of 0.47%. Eagle Materials’s dividend payout ratio is 7.34%.

Eagle Materials 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.