2,710 Shares in Eagle Materials Inc $EXP Purchased by Denali Advisors LLC

Denali Advisors LLC purchased a new stake in shares of Eagle Materials Inc (NYSE:EXP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,710 shares of the construction company’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Eagle Materials by 5,116.3% in the 1st quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock worth $4,852,000 after acquiring an additional 25,121 shares during the last quarter. Sprucegrove Investment Management Ltd. boosted its position in shares of Eagle Materials by 1,671.4% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 12,400 shares of the construction company’s stock valued at $2,563,000 after acquiring an additional 11,700 shares during the last quarter. Black Creek Investment Management Inc. purchased a new position in shares of Eagle Materials in the fourth quarter valued at $103,778,000. Redwood Investment Management LLC purchased a new position in shares of Eagle Materials in the first quarter valued at $1,080,000. Finally, Dimensional Fund Advisors LP increased its position in Eagle Materials by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock worth $118,846,000 after purchasing an additional 16,782 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXP. Citigroup decreased their price target on shares of Eagle Materials from $240.00 to $232.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Stephens upped their target price on shares of Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $222.56.

Eagle Materials Price Performance

EXP opened at $203.26 on Friday. The business has a fifty day moving average of $213.90 and a 200 day moving average of $209.17. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $245.53. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. The stock has a market cap of $6.23 billion, a P/E ratio of 16.07 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The business had revenue of $650.97 million during the quarter, compared to analysts’ expectations of $620.35 million. During the same quarter in the previous year, the business earned $3.76 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 12.66 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is presently 7.91%.

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.