JLB & Associates Inc. bought 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 fund bought 3,064 shares of the construction company’s stock, valued at approximately $689,000.
Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in Eagle Materials by 5,116.3% during the first quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock worth $4,852,000 after buying an additional 25,121 shares during the period. Sprucegrove Investment Management Ltd. raised its stake in shares of Eagle Materials by 1,671.4% in the fourth quarter. Sprucegrove Investment Management Ltd. now owns 12,400 shares of the construction company’s stock valued at $2,563,000 after acquiring an additional 11,700 shares during the period. Black Creek Investment Management Inc. bought a new stake in shares of Eagle Materials in the 4th quarter worth about $103,778,000. Redwood Investment Management LLC bought a new stake in shares of Eagle Materials in the 1st quarter worth about $1,080,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Eagle Materials by 2.7% during the 1st 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. Institutional investors own 96.07% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on EXP. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a report on Wednesday, May 20th. Royal Bank Of Canada raised their price objective on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Zacks Research cut Eagle Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wells Fargo & Company reduced their price target on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $222.56.
Eagle Materials Trading Down 2.2%
NYSE EXP opened at $201.08 on Wednesday. The company’s 50-day moving average price is $214.33 and its 200-day moving average price is $209.21. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. The stock has a market cap of $6.17 billion, a PE ratio of 15.90 and a beta of 1.39. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $245.53.
Eagle Materials (NYSE:EXP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The company had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.76 EPS. Equities research analysts forecast that Eagle Materials Inc will post 12.66 earnings per share for the current year.
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 $0.25 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s payout ratio is presently 7.91%.
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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