Tompkins Financial Corp Invests $27,000 in Eagle Materials Inc. (NYSE:EXP)

Tompkins Financial Corp acquired a new position in shares of Eagle Materials Inc. (NYSE:EXPFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100 shares of the construction company’s stock, valued at approximately $27,000.

Several other large investors have also recently bought and sold shares of EXP. Meritage Portfolio Management grew its stake in shares of Eagle Materials by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock worth $458,000 after buying an additional 47 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Eagle Materials by 16.5% during the first quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after buying an additional 54 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Eagle Materials by 2.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,285 shares of the construction company’s stock worth $666,000 after buying an additional 85 shares during the last quarter. Paralel Advisors LLC grew its stake in shares of Eagle Materials by 1.1% during the third quarter. Paralel Advisors LLC now owns 13,032 shares of the construction company’s stock worth $2,170,000 after buying an additional 147 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Eagle Materials during the fourth quarter worth $30,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXP. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. Loop Capital cut their price target on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Raymond James lifted their price target on shares of Eagle Materials from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Truist Financial lifted their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $279.67.

Check Out Our Latest Stock Report on EXP

Eagle Materials Stock Down 0.7 %

Shares of NYSE EXP traded down $1.53 during trading on Wednesday, hitting $228.48. 260,035 shares of the company traded hands, compared to its average volume of 336,555. The business’s fifty day moving average is $245.96 and its 200 day moving average is $235.41. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $276.61. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 16.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 2.62.

Eagle Materials (NYSE:EXPGet Free Report) last announced 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 net margin of 21.14% and a return on equity of 37.31%. The company had revenue of $476.70 million for the quarter, compared to analyst estimates of $480.20 million. During the same quarter in the prior year, the company posted $2.79 EPS. Eagle Materials’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts predict that Eagle Materials Inc. will post 16.15 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio is currently 7.34%.

About Eagle Materials

(Free Report)

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.

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

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