Empirical evidence indicates that this is a problem with the hub itself.
^ This. If three of your four hubs are fine, and just one keeps ejecting caps, it's obviously time to pull that one apart and figure out what's happening. I can't believe anyone would actually suggest mod's like pinning the cap or venting the hub, EZ Lubes are a well-engineered system that should work without DIY mods, and it's clear there's a problem with just this one hub.
I can't agree with the recommendation to try Bearing Buddies, either. They're great for boat trailers, esp. those without brakes, but tend to create more problems than necessary for trailers with brakes. Plus, if you're not dunking the thing in the water (boat ramp), Bearing Buddies really hold no advantage. EZ Lube really is the superior system for landscape and utility trailers.
For those who don't know, Bearing Buddies are a closed cavity system with a spring plunger that maintains constant positive pressure on the cavity. This is
supposed to be only 2-3 PSI, if used correctly, although way too many people over-charge them with grease to where the rear seals completely fail. But even if used correctly, their main method of venting grease is thru the rear seal, into your brake drums, making your brakes ineffective. They also have to be completely removed from the hub, if you ever want to clean out old grease and re-pack. Lots of disadvantages, with their only advantage being that their positive pressure prevents water intrusion on a hot bearing, when you dunk them in the lake or ocean on a boat trailer. Boat trailers are really the
only appropriate place to use Bearing Buddies.
Conversely, EZ Lubes have an open-loop system. You inject fresh grease thru a zerk drilled into the center of the axle stub end, and there's a channel thru the axle stub to the back of the inner bearing. Injecting fresh grease pushes the old grease out around the axle stub, in FIFO fashion, making it very easy to replace old grease with new with just a few pumps of the grease gun. They can work on boat trailers as well, by pushing milky water-laden grease out, but they're really best for land-based trailers.