Central Pacific Bank Trust Division Makes New $181,000 Investment in Eagle Materials Inc. (NYSE:EXP)

Central Pacific Bank Trust Division acquired a new position in Eagle Materials Inc. (NYSE:EXP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 670 shares of the construction company’s stock, valued at approximately $181,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Asset Management Inc lifted its holdings in shares of 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 acquiring an additional 630,964 shares during the last quarter. Norges Bank purchased a new position in shares of Eagle Materials in the 4th quarter worth approximately $88,925,000. Epoch Investment Partners Inc. grew its position in shares of Eagle Materials by 133.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 662,628 shares of the construction company’s stock worth $134,407,000 after buying an additional 378,296 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Eagle Materials by 7.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 957,818 shares of the construction company’s stock worth $194,284,000 after buying an additional 63,636 shares during the last quarter. Finally, L1 Capital International Pty Ltd purchased a new position in shares of Eagle Materials in the 4th quarter worth approximately $10,729,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

NYSE:EXP traded up $0.14 during trading hours on Wednesday, hitting $212.53. 25,527 shares of the company were exchanged, compared to its average volume of 302,882. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 15.59 and a beta of 1.32. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week 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 company’s 50 day moving average price is $235.64 and its 200-day moving average price is $237.68.

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

Eagle Materials Dividend Announcement

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

Wall Street Analyst Weigh In

EXP has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Raymond James lifted their price objective on shares of Eagle Materials from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Citigroup cut their price objective on shares of Eagle Materials from $311.00 to $297.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Eagle Materials currently has an average rating of “Moderate Buy” and an average price target of $279.67.

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.