Sei Investments Co. Boosts Holdings in Eagle Materials Inc $EXP

Sei Investments Co. boosted its holdings in Eagle Materials Inc (NYSE:EXP) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,109 shares of the construction company’s stock after purchasing an additional 6,111 shares during the quarter. Sei Investments Co.’s holdings in Eagle Materials were worth $37,153,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baupost Group LLC MA lifted its holdings 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 worth $244,967,000 after buying an additional 245,588 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Eagle Materials by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock valued at $118,846,000 after acquiring an additional 16,782 shares in the last quarter. Black Creek Investment Management Inc. bought a new stake in Eagle Materials in the 4th quarter valued at $103,778,000. Norges Bank bought a new stake in Eagle Materials in the 4th quarter valued at $90,147,000. Finally, Invesco Ltd. increased its holdings in Eagle Materials by 4.6% in the 3rd quarter. Invesco Ltd. now owns 363,508 shares of the construction company’s stock valued at $84,712,000 after acquiring an additional 15,899 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $213.34 on Monday. The firm has a fifty day simple moving average of $213.86 and a two-hundred day simple moving average of $211.01. 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 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $6.59 billion, a P/E ratio of 16.26 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.32. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The firm had revenue of $479.11 million for the quarter, compared to analysts’ expectations of $451.99 million. During the same period in the prior year, the company earned $2.00 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect that Eagle Materials Inc will post 12.9 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, June 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 15th. Eagle Materials’s dividend payout ratio is presently 7.62%.

Analyst Ratings Changes

EXP has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Royal Bank Of Canada lifted their target price on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. Wells Fargo & Company decreased their target price on Eagle Materials from $246.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Tuesday, June 2nd. Finally, Citigroup lifted their price objective on Eagle Materials from $217.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Hold” and an average target price of $226.00.

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.