11,124 Shares in Eagle Materials Inc $EXP Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in Eagle Materials Inc (NYSE:EXP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,124 shares of the construction company’s stock, valued at approximately $2,317,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baupost Group LLC MA lifted its holdings in shares of Eagle Materials by 26.1% during the 4th quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company’s stock worth $244,967,000 after acquiring an additional 245,588 shares during the period. Dimensional Fund Advisors LP grew its holdings in Eagle Materials by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 610,645 shares of the construction company’s stock valued at $126,217,000 after purchasing an additional 7,749 shares during the period. American Century Companies Inc. grew its holdings in Eagle Materials by 2.5% in the third quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock valued at $124,532,000 after purchasing an additional 13,104 shares during the period. Black Creek Investment Management Inc. acquired a new position in Eagle Materials during the fourth quarter worth approximately $103,778,000. Finally, Norges Bank acquired a new position in Eagle Materials during the fourth quarter worth approximately $90,147,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 2.8%

Shares of NYSE EXP opened at $227.34 on Tuesday. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $245.53. The company has a market cap of $7.02 billion, a P/E ratio of 17.33 and a beta of 1.37. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average price of $212.21 and a 200 day moving average price of $211.81.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The company had revenue of $479.11 million for the quarter, compared to analysts’ expectations of $451.99 million. During the same quarter in the previous year, the firm posted $2.00 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts anticipate that Eagle Materials Inc will post 13.02 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a yield of 0.4%. Eagle Materials’s payout ratio is 7.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EXP shares. Citigroup decreased their price target on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a report on Wednesday, May 20th. Finally, Stephens dropped their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $224.30.

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.