RPG Investment Advisory LLC boosted its stake in Eagle Materials, Inc. (NYSE:EXP) by 30.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 66,261 shares of the construction company’s stock after acquiring an additional 15,274 shares during the period. RPG Investment Advisory LLC’s holdings in Eagle Materials were worth $5,586,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EXP. Flagship Harbor Advisors LLC acquired a new position in Eagle Materials in the 4th quarter valued at $35,000. Amundi Pioneer Asset Management Inc. acquired a new position in Eagle Materials in the 4th quarter valued at $95,000. Cerebellum GP LLC raised 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 acquiring an additional 223 shares during the last quarter. Sun Life Financial INC acquired a new position in Eagle Materials in the 4th quarter valued at $151,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Eagle Materials by 11.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,268 shares of the construction company’s stock valued at $199,000 after acquiring an additional 329 shares during the last quarter. 95.68% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Ed H. Bowman, Jr. sold 2,591 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $71.35, for a total transaction of $184,867.85. Following the completion of the sale, the director now directly owns 12,977 shares in the company, valued at approximately $925,908.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

Several research analysts have weighed in on the company. Citigroup boosted their price target on Eagle Materials from $84.00 to $87.00 and gave the company a “buy” rating in a report on Monday, April 1st. Berenberg Bank assumed coverage on Eagle Materials in a report on Wednesday, April 3rd. They issued a “buy” rating and a $103.00 price target for the company. Macquarie set a $100.00 price target on Eagle Materials and gave the company a “buy” rating in a report on Tuesday, April 2nd. DA Davidson downgraded Eagle Materials from a “buy” rating to a “neutral” rating and set a $83.50 price objective for the company. in a report on Tuesday, April 2nd. Finally, Northcoast Research downgraded Eagle Materials from a “buy” rating to a “neutral” rating in a report on Friday, January 25th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $103.14.

Shares of EXP stock traded up $0.13 on Monday, reaching $86.25. 265,412 shares of the stock were exchanged, compared to its average volume of 783,949. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.82 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 2.26 and a debt-to-equity ratio of 0.42. Eagle Materials, Inc. has a 1-year low of $57.00 and a 1-year high of $115.75.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, January 29th. The construction company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.06). The firm had revenue of $333.30 million for the quarter, compared to analyst estimates of $357.08 million. Eagle Materials had a return on equity of 17.49% and a net margin of 16.77%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 earnings per share. As a group, analysts expect that Eagle Materials, Inc. will post 5.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Eagle Materials’s payout ratio is 9.48%.

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About Eagle Materials

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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Want to see what other hedge funds are holding EXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Materials, Inc. (NYSE:EXP).

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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