Marnell Management LLC Buys New Shares in Eagle Materials Inc $EXP

Marnell Management LLC bought a new stake in Eagle Materials Inc (NYSE:EXP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,050 shares of the construction company’s stock, valued at approximately $1,870,000. Eagle Materials accounts for approximately 0.9% of Marnell Management LLC’s holdings, making the stock its 26th largest position.

Several other hedge funds have also made changes to their positions in the stock. Baupost Group LLC MA lifted its stake in shares of Eagle Materials by 26.1% in the fourth quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company’s stock valued at $244,967,000 after buying an additional 245,588 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Eagle Materials by 0.6% in the third quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock valued at $143,378,000 after buying an additional 3,505 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Eagle Materials by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 610,645 shares of the construction company’s stock valued at $126,217,000 after buying an additional 7,749 shares during the period. American Century Companies Inc. lifted its stake in shares of Eagle Materials by 2.5% in the third quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock valued at $124,532,000 after buying an additional 13,104 shares during the period. Finally, Black Creek Investment Management Inc. bought a new stake in shares of Eagle Materials in the fourth quarter valued at about $103,778,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EXP shares. Wells Fargo & Company increased their target price on shares of Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Tuesday, June 2nd. Royal Bank Of Canada increased their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. Finally, Citigroup reduced their target price on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $224.30.

Eagle Materials Stock Down 0.2%

Shares of EXP opened at $214.86 on Monday. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 16.38 and a beta of 1.37. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The company has a 50-day moving average price of $205.45 and a two-hundred day moving average price of $211.52.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. The firm had revenue of $479.11 million during the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 earnings per share. Equities analysts predict that Eagle Materials Inc will post 13.02 EPS 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. Shareholders of record on Monday, June 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.62%.

Eagle Materials Company 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.