Duality Advisers LP Grows Holdings in Eagle Materials Inc. (NYSE:EXP)

Duality Advisers LP raised its position in Eagle Materials Inc. (NYSE:EXP) by 29.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,182 shares of the construction company’s stock after buying an additional 3,212 shares during the period. Duality Advisers LP’s holdings in Eagle Materials were worth $3,854,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of EXP. YHB Investment Advisors Inc. purchased a new stake in shares of Eagle Materials during the 1st quarter worth approximately $27,000. Tompkins Financial Corp bought a new position in Eagle Materials during the first quarter worth about $27,000. Rise Advisors LLC bought a new position in Eagle Materials during the first quarter worth about $27,000. Global Wealth Management Investment Advisory Inc. bought a new position in Eagle Materials in the 4th quarter worth approximately $30,000. Finally, Planned Solutions Inc. purchased a new position in Eagle Materials in the 4th quarter valued at approximately $35,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stephens boosted their price target on shares of Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Loop Capital decreased their price objective on Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Citigroup reduced their price target on Eagle Materials from $297.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday. Truist Financial lifted their price objective on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, The Goldman Sachs Group increased their price target on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Eagle Materials presently has an average rating of “Moderate Buy” and an average target price of $274.67.

Eagle Materials Price Performance

NYSE EXP traded up $3.16 during trading hours on Friday, reaching $230.51. The company’s stock had a trading volume of 295,955 shares, compared to its average volume of 306,063. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $276.61. The company has a quick ratio of 1.06, a current ratio of 2.62 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 16.69 and a beta of 1.32. The firm’s 50-day moving average price is $234.34 and its 200-day moving average price is $237.46.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.48). The firm had revenue of $476.70 million for the quarter, compared to analysts’ expectations of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $2.79 earnings per share. On average, equities research analysts predict that Eagle Materials Inc. will post 15.99 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 17th. This represents a $1.00 annualized dividend and a yield of 0.43%. Eagle Materials’s payout ratio is presently 7.34%.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.