Eagle Materials Inc $EXP Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA grew its holdings in Eagle Materials Inc (NYSE:EXP) by 23.3% during the second quarter, HoldingsChannel.com reports. The fund owned 44,235 shares of the construction company’s stock after purchasing an additional 8,358 shares during the quarter. Leeward Investments LLC MA’s holdings in Eagle Materials were worth $8,940,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its stake in shares of Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after acquiring an additional 80 shares during the period. Paralel Advisors LLC raised its stake in shares of Eagle Materials by 30.3% in the 2nd quarter. Paralel Advisors LLC now owns 12,039 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 2,799 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Eagle Materials by 3.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 39,623 shares of the construction company’s stock valued at $8,008,000 after acquiring an additional 1,260 shares during the period. Whittier Trust Co. raised its stake in shares of Eagle Materials by 2.5% in the 2nd quarter. Whittier Trust Co. now owns 75,192 shares of the construction company’s stock valued at $15,197,000 after acquiring an additional 1,823 shares during the period. Finally, John G Ullman & Associates Inc. raised its stake in shares of Eagle Materials by 23.2% in the 2nd quarter. John G Ullman & Associates Inc. now owns 15,775 shares of the construction company’s stock valued at $3,188,000 after acquiring an additional 2,975 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP stock opened at $232.98 on Friday. The firm has a market cap of $7.56 billion, a P/E ratio of 17.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The firm has a fifty day moving average of $233.24 and a two-hundred day moving average of $222.80.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.03. The company had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. As a group, research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 15th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised shares of Eagle Materials to a “strong-buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research note on Friday. Zacks Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Loop Capital lifted their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $255.40.

About Eagle Materials

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.