Lighthouse Investment Partners LLC Purchases 30,250 Shares of Eagle Materials Inc $EXP

Lighthouse Investment Partners LLC lifted its position in Eagle Materials Inc (NYSE:EXP) by 743.8% in the third quarter, Holdings Channel.com reports. The firm owned 34,317 shares of the construction company’s stock after purchasing an additional 30,250 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Eagle Materials were worth $7,997,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Baupost Group LLC MA raised its holdings in shares of Eagle Materials by 39.0% during the 3rd quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after buying an additional 263,403 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in Eagle Materials by 36.0% during the second quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after acquiring an additional 219,627 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Eagle Materials by 0.6% during the third quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock worth $143,378,000 after acquiring an additional 3,505 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Eagle Materials by 2.5% during the third quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock worth $124,532,000 after acquiring an additional 13,104 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Eagle Materials by 14.6% in the 3rd quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock worth $119,179,000 after acquiring an additional 65,072 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Performance

NYSE:EXP opened at $187.42 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. Eagle Materials Inc has a fifty-two week low of $184.08 and a fifty-two week high of $243.64. The firm has a market cap of $5.89 billion, a PE ratio of 14.19 and a beta of 1.35. The business has a 50 day moving average price of $220.17 and a 200-day moving average price of $222.07.

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

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be given a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s payout ratio is presently 7.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Stephens reiterated an “equal weight” rating and issued a $245.00 target price on shares of Eagle Materials in a research report on Tuesday, January 20th. Truist Financial reissued a “hold” rating and issued a $210.00 price target (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Zacks Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and a consensus target price of $228.36.

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.