Nitor Capital Management LLC acquired a new position in Eagle Materials Inc (NYSE:EXP – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,985 shares of the construction company’s stock, valued at approximately $4,497,000. Eagle Materials accounts for approximately 3.0% of Nitor Capital Management LLC’s portfolio, making the stock its 10th biggest position.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Eagle Materials during the second quarter valued at approximately $688,486,000. W1M Asset Management Ltd bought a new position in Eagle Materials in the second quarter worth $155,199,000. William Blair Investment Management LLC acquired a new stake in Eagle Materials during the second quarter worth $129,760,000. Black Creek Investment Management Inc. acquired a new stake in Eagle Materials during the fourth quarter worth $103,778,000. Finally, Norges Bank bought a new stake in Eagle Materials in the 4th quarter valued at $90,147,000. Institutional investors and hedge funds own 96.07% of the company’s stock.
Eagle Materials Stock Performance
Eagle Materials stock opened at $207.15 on Monday. The firm has a market capitalization of $6.35 billion, a P/E ratio of 16.38 and a beta of 1.39. The stock has a fifty day moving average price of $213.74 and a two-hundred day moving average price of $209.15. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $245.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91.
Eagle Materials Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 14th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.91%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on EXP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Stephens upped their target price on shares of Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada lifted 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. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $222.56.
Get Our Latest Stock Analysis on Eagle Materials
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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