Parisi Gray Wealth Management purchased a new stake in Eagle Materials Inc. (NYSE:EXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 557 shares of the construction company’s stock, valued at approximately $79,000.
Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of Eagle Materials by 15.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,701 shares of the construction company’s stock valued at $1,804,000 after purchasing an additional 1,711 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Eagle Materials by 28.4% in the 1st quarter. Brown Advisory Inc. now owns 463,793 shares of the construction company’s stock valued at $62,338,000 after purchasing an additional 102,516 shares in the last quarter. Waratah Capital Advisors Ltd. raised its holdings in shares of Eagle Materials by 319.1% in the 2nd quarter. Waratah Capital Advisors Ltd. now owns 146,957 shares of the construction company’s stock valued at $20,884,000 after purchasing an additional 111,894 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Eagle Materials by 197.6% in the 1st quarter. Acadian Asset Management LLC now owns 8,963 shares of the construction company’s stock valued at $1,204,000 after purchasing an additional 5,951 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Eagle Materials by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 649,211 shares of the construction company’s stock valued at $87,260,000 after purchasing an additional 3,451 shares in the last quarter. 94.65% of the stock is owned by institutional investors.
EXP has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Thursday, September 30th. Berenberg Bank upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, August 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Eagle Materials has a consensus rating of “Buy” and a consensus target price of $154.13.
NYSE EXP opened at $138.54 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.72 and a current ratio of 3.87. The firm has a market cap of $5.80 billion, a PE ratio of 17.19 and a beta of 1.23. Eagle Materials Inc. has a one year low of $82.88 and a one year high of $160.18. The firm’s fifty day moving average is $144.82 and its two-hundred day moving average is $142.99.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, July 28th. The construction company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.14. The company had revenue of $475.77 million for the quarter, compared to analyst estimates of $464.36 million. Eagle Materials had a net margin of 20.26% and a return on equity of 25.22%. Research analysts predict that Eagle Materials Inc. will post 8.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, September 17th will be paid a $0.25 dividend. The ex-dividend date is Thursday, September 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%. Eagle Materials’s dividend payout ratio is presently 14.58%.
Eagle Materials Company Profile
Eagle Materials, Inc is a holding company, which engages in the provision of heavy construction materials, light building materials, and materials used for oil and natural gas extraction. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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