GSA Capital Partners LLP bought a new stake in shares of Eagle Materials Inc (NYSE:EXP – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,576 shares of the construction company’s stock, valued at approximately $3,055,000.
Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in shares of Eagle Materials by 5,116.3% during the 1st quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock valued at $4,852,000 after buying an additional 25,121 shares in the last quarter. Sprucegrove Investment Management Ltd. raised its stake in Eagle Materials by 1,671.4% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 12,400 shares of the construction company’s stock worth $2,563,000 after acquiring an additional 11,700 shares during the period. Black Creek Investment Management Inc. purchased a new position in Eagle Materials during the fourth quarter valued at approximately $103,778,000. Redwood Investment Management LLC bought a new position in shares of Eagle Materials in the first quarter worth approximately $1,080,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Eagle Materials by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock worth $118,846,000 after purchasing an additional 16,782 shares during the period. 96.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on EXP. Stephens lifted 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. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research downgraded Eagle Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup dropped their price objective on Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $222.56.
Eagle Materials Stock Performance
EXP opened at $208.35 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 16.47 and a beta of 1.38. The company has a fifty day moving average of $214.68 and a 200 day moving average of $209.51. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $245.53.
Eagle Materials (NYSE:EXP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The company had revenue of $650.97 million during the quarter, compared to analysts’ expectations of $620.35 million. During the same quarter in the previous year, the firm earned $3.76 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.
Eagle Materials Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 14th. Eagle Materials’s payout ratio is currently 7.91%.
About Eagle Materials
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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