AlphaQuest LLC Buys New Stake in Eagle Materials Inc $EXP

AlphaQuest LLC acquired a new position in Eagle Materials Inc (NYSE:EXP) during the fourth quarter, Holdings Channel.com reports. The firm acquired 9,099 shares of the construction company’s stock, valued at approximately $1,881,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in Eagle Materials in the 3rd quarter worth $30,000. Clearstead Advisors LLC lifted its holdings in Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares in the last quarter. IFP Advisors Inc lifted its holdings in Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after buying an additional 109 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Eagle Materials in the 3rd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson cut their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Citigroup cut their price objective 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. Royal Bank Of Canada boosted 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. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $223.30.

Eagle Materials Price Performance

EXP opened at $215.06 on Thursday. The company has a 50-day moving average of $197.52 and a 200-day moving average of $210.52. The company has a market capitalization of $6.66 billion, a P/E ratio of 16.39 and a beta of 1.38. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $243.64. 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 (NYSE:EXP) last released 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 company had revenue of $479.11 million during the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.00 EPS. Equities analysts expect that Eagle Materials Inc will post 12.6 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed 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. 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 currently 7.62%.

Eagle Materials 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.