Callahan Advisors LLC Has $1.16 Million Holdings in Eagle Materials, Inc. (EXP)
Callahan Advisors LLC raised its position in Eagle Materials, Inc. (NYSE:EXP) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,792 shares of the construction company’s stock after purchasing an additional 200 shares during the period. Callahan Advisors LLC’s holdings in Eagle Materials were worth $1,163,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in Eagle Materials in the 4th quarter valued at $35,000. Amundi Pioneer Asset Management Inc. bought a new position in Eagle Materials in the 4th quarter valued at $95,000. Cerebellum GP LLC boosted its holdings in Eagle Materials by 10.4% in the 4th quarter. Cerebellum GP LLC now owns 2,373 shares of the construction company’s stock valued at $145,000 after purchasing an additional 223 shares during the period. Rehmann Capital Advisory Group boosted its holdings in Eagle Materials by 833.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,417 shares of the construction company’s stock valued at $206,000 after purchasing an additional 2,158 shares during the period. Finally, Sun Life Financial INC bought a new position in Eagle Materials in the 4th quarter valued at $151,000. 95.64% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. TheStreet raised shares of Eagle Materials from a “c+” rating to a “b-” rating in a report on Monday, April 15th. Raymond James raised shares of Eagle Materials from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday, April 5th. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Citigroup raised their price target on shares of Eagle Materials from $84.00 to $87.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, ValuEngine raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $103.14.
Shares of Eagle Materials stock traded up $0.33 on Monday, hitting $90.41. 424,653 shares of the company traded hands, compared to its average volume of 751,330. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 2.26. The stock has a market cap of $4.13 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.34. Eagle Materials, Inc. has a 12-month low of $57.00 and a 12-month high of $115.75.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, January 29th. The construction company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.06). The company had revenue of $333.30 million for the quarter, compared to analysts’ expectations of $357.08 million. Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.08 EPS. On average, analysts predict that Eagle Materials, Inc. will post 5.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is currently 9.48%.
Eagle Materials Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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