Eagle Materials Inc $EXP Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Eagle Materials Inc (NYSE:EXP) by 42.6% in the third quarter, HoldingsChannel.com reports. The firm owned 267,730 shares of the construction company’s stock after acquiring an additional 80,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Eagle Materials were worth $62,392,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Focus Partners Wealth grew its position in Eagle Materials by 21.5% during the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after buying an additional 357 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Eagle Materials during the 2nd quarter worth approximately $2,977,000. Teacher Retirement System of Texas grew its holdings in shares of Eagle Materials by 3.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,057 shares of the construction company’s stock worth $1,022,000 after acquiring an additional 152 shares during the period. Hantz Financial Services Inc. increased its stake in Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Finally, Strs Ohio increased its stake in Eagle Materials by 24.3% in the 2nd quarter. Strs Ohio now owns 6,001 shares of the construction company’s stock valued at $1,213,000 after purchasing an additional 1,175 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada set a $208.00 target price on Eagle Materials in a research report on Tuesday. Zacks Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Stephens restated an “equal weight” rating and set a $245.00 target price on shares of Eagle Materials in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Finally, Wells Fargo & Company reduced their price target on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $228.36.

Eagle Materials Trading Up 1.9%

Shares of EXP stock opened at $226.47 on Friday. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 17.14 and a beta of 1.38. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $222.96 and a 200 day moving average price of $224.89. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $243.64.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The firm had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.59 earnings per share. Research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 annualized dividend and a yield of 0.4%. Eagle Materials’s payout ratio is 7.57%.

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.