Marnell Management LLC Invests $1.87 Million in Eagle Materials Inc $EXP

Marnell Management LLC purchased a new position in Eagle Materials Inc (NYSE:EXP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,050 shares of the construction company’s stock, valued at approximately $1,870,000. Eagle Materials comprises 0.9% of Marnell Management LLC’s portfolio, making the stock its 26th biggest holding.

Several other hedge funds have also recently bought and sold shares of EXP. Clearstead Advisors LLC increased its position in Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares during the last quarter. 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 buying an additional 109 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Eagle Materials during the fourth quarter worth $29,000. Aster Capital Management DIFC Ltd acquired a new position in Eagle Materials during the third quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Eagle Materials during the third quarter worth $34,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Down 0.2%

EXP stock opened at $214.86 on Monday. 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 Inc has a 52-week low of $171.99 and a 52-week high of $243.64. The company has a 50-day moving average of $205.45 and a two-hundred day moving average of $211.52. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 16.38 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company had revenue of $479.11 million during the quarter, compared to analysts’ expectations of $451.99 million. During the same period in the prior year, the company earned $2.00 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Eagle Materials Inc will post 13.02 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s dividend payout ratio is 7.62%.

Analysts Set New Price Targets

EXP has been the topic of several analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price 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. Royal Bank Of Canada increased their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 20th. Stephens lowered their target price on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. Finally, Citigroup lowered their target price on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $224.30.

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.