Eagle Materials Inc $EXP Shares Bought by Baupost Group LLC MA

Baupost Group LLC MA grew its stake in shares of Eagle Materials Inc (NYSE:EXP) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,185,248 shares of the construction company’s stock after acquiring an additional 245,588 shares during the quarter. Eagle Materials comprises about 4.6% of Baupost Group LLC MA’s holdings, making the stock its 11th largest position. Baupost Group LLC MA owned 3.77% of Eagle Materials worth $244,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC increased its position in Eagle Materials by 0.6% during the 3rd quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock worth $143,378,000 after purchasing an additional 3,505 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Eagle Materials by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 610,645 shares of the construction company’s stock worth $126,217,000 after purchasing an additional 7,749 shares in the last quarter. American Century Companies Inc. increased its position in Eagle Materials by 2.5% during the 3rd quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock worth $124,532,000 after purchasing an additional 13,104 shares in the last quarter. Black Creek Investment Management Inc. acquired a new stake in Eagle Materials during the 4th quarter worth approximately $103,778,000. Finally, Norges Bank acquired a new stake in Eagle Materials during the 4th quarter worth approximately $90,147,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research 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 objective for the company in a research report on Tuesday, June 2nd. Stephens lowered their price objective on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada increased their price objective on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $224.30.

Eagle Materials Stock Performance

Shares of EXP opened at $214.86 on Friday. The business’s fifty day moving average price is $205.45 and its 200 day moving average price is $211.51. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $243.64. The stock has a market capitalization of $6.65 billion, a PE ratio of 16.38 and a beta of 1.37. 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) last issued its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.32. The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned $2.00 earnings per share. Equities research analysts forecast that Eagle Materials Inc will post 13.02 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s payout ratio is presently 7.62%.

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.