Louisiana State Employees Retirement System bought a new stake in Eagle Materials Inc (NYSE:EXP – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,100 shares of the construction company’s stock, valued at approximately $1,724,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Eagle Materials during the 3rd quarter worth $30,000. Clearstead Advisors LLC grew its holdings in shares of Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Eagle Materials in the fourth quarter valued at about $29,000. IFP Advisors Inc increased its position in Eagle Materials by 389.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Eagle Materials during the third quarter worth about $34,000. 96.07% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target on the stock in a research report on Tuesday, June 2nd. Royal Bank Of Canada upped their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, May 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, Stephens cut their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $224.30.
Eagle Materials Price Performance
Shares of EXP opened at $219.67 on Thursday. The firm has a 50-day simple moving average of $212.96 and a two-hundred day simple moving average of $211.78. The stock has a market cap of $6.79 billion, a PE ratio of 16.74 and a beta of 1.37. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $245.53. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09.
Eagle Materials (NYSE:EXP – Get Free Report) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. During the same period in the prior year, the business posted $2.00 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts forecast that Eagle Materials Inc will post 13.02 EPS for the current year.
Eagle Materials Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s payout ratio is currently 7.62%.
Eagle Materials Company 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.
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