Hsbc Holdings PLC Invests $2.32 Million in Eagle Materials Inc $EXP

Hsbc Holdings PLC acquired a new position in shares of Eagle Materials Inc (NYSE:EXP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,124 shares of the construction company’s stock, valued at approximately $2,317,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its position in Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares during the period. IFP Advisors Inc boosted its position in shares of 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 period. Los Angeles Capital Management LLC purchased a new position in shares of Eagle Materials during the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Eagle Materials in the third quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP opened at $209.70 on Friday. The stock has a 50-day simple moving average of $213.80 and a 200-day simple moving average of $211.41. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66. The stock has a market capitalization of $6.48 billion, a PE ratio of 15.98 and a beta of 1.37. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $245.53.

Eagle Materials (NYSE:EXP) last announced 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 business had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. During the same period in the previous year, the company posted $2.00 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Eagle Materials from $246.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stephens cut their price target on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research note 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 company a “sector perform” rating in a research note on Wednesday, May 20th. Citigroup upped their target price on shares of Eagle Materials from $217.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Zacks Research raised shares of Eagle Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $226.00.

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.