Eagle Materials Inc $EXP Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG lifted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 185.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,210 shares of the construction company’s stock after purchasing an additional 63,800 shares during the quarter. Raiffeisen Bank International AG owned about 0.31% of Eagle Materials worth $20,298,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EXP. Clearstead Advisors LLC raised its position in shares of 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 during the period. IFP Advisors Inc raised its position in shares of 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 during the period. Los Angeles Capital Management LLC purchased a new position in shares of Eagle Materials in the 4th quarter worth $29,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Eagle Materials in the 3rd quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Eagle Materials in the 3rd quarter worth $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Up 1.9%

Shares of EXP opened at $217.25 on Friday. The stock’s 50-day moving average is $204.97 and its two-hundred day moving average is $211.49. The stock has a market cap of $6.72 billion, a PE ratio of 16.56 and a beta of 1.37. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $451.99 million. During the same quarter in the previous year, the firm posted $2.00 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Eagle Materials Inc will post 13.02 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, 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 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is 7.62%.

Analysts Set New Price Targets

Several brokerages recently weighed in on EXP. Wells Fargo & Company increased their target price on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Citigroup cut their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada lifted their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and a consensus target price of $224.30.

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.