John G Ullman & Associates Inc. Purchases 8,725 Shares of Eagle Materials Inc $EXP

John G Ullman & Associates Inc. increased its position in shares of Eagle Materials Inc (NYSE:EXP) by 55.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,500 shares of the construction company’s stock after acquiring an additional 8,725 shares during the quarter. John G Ullman & Associates Inc. owned about 0.08% of Eagle Materials worth $5,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC lifted its position in Eagle Materials by 36.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after purchasing an additional 219,627 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Eagle Materials by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock worth $153,607,000 after buying an additional 28,559 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Eagle Materials by 57.2% in the second quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock valued at $123,640,000 after buying an additional 222,537 shares during the period. American Century Companies Inc. lifted its holdings in Eagle Materials by 80.9% in the second quarter. American Century Companies Inc. now owns 521,276 shares of the construction company’s stock valued at $105,356,000 after buying an additional 233,153 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Eagle Materials by 14.6% in the third quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock valued at $119,179,000 after acquiring an additional 65,072 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $226.00 target price on shares of Eagle Materials in a research report on Monday, November 3rd. Stephens reaffirmed an “equal weight” rating and set a $245.00 price objective on shares of Eagle Materials in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Citigroup decreased their target price on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Truist Financial reaffirmed a “hold” rating and issued a $210.00 price target (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $231.90.

Eagle Materials Stock Performance

EXP stock opened at $223.55 on Friday. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $262.81. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The firm has a market cap of $7.03 billion, a PE ratio of 16.92 and a beta of 1.38. The business’s 50-day moving average price is $220.68 and its two-hundred day moving average price is $224.12.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The business had revenue of $555.96 million for the quarter, compared to analyst estimates of $556.41 million. During the same period in the prior year, the business earned $3.59 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, December 15th. Eagle Materials’s dividend payout ratio is 7.57%.

Eagle Materials Profile

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.