Eagle Materials Inc $EXP Stock Position Lifted by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its holdings in Eagle Materials Inc (NYSE:EXP) by 9.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,005 shares of the construction company’s stock after purchasing an additional 12,895 shares during the quarter. Eagle Materials accounts for 2.3% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Hodges Capital Management Inc. owned approximately 0.47% of Eagle Materials worth $28,229,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EXP. Clearstead Advisors LLC grew 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 valued at $27,000 after buying an additional 96 shares during the period. Los Angeles Capital Management LLC bought a new stake in Eagle Materials in the fourth quarter worth about $29,000. IFP Advisors Inc raised its position in Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after acquiring an additional 109 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Eagle Materials in the third quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after acquiring an additional 87 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

NYSE:EXP opened at $220.88 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $245.53. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 16.83 and a beta of 1.37. The business’s fifty day moving average is $213.59 and its 200 day moving average is $211.72.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.59 by $0.32. The business had revenue of $479.11 million during the quarter, compared to the consensus estimate 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 was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 EPS. Research analysts predict 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. Stockholders 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 of this dividend is Monday, June 15th. Eagle Materials’s dividend payout ratio is presently 7.62%.

Wall Street Analysts Forecast Growth

EXP has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada increased their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a research report on Tuesday, June 2nd. Zacks Research upgraded Eagle Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Eagle Materials has an average 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.