5,558 Shares in Eagle Materials Inc $EXP Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new stake in Eagle Materials Inc (NYSE:EXP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,558 shares of the construction company’s stock, valued at approximately $1,251,000.

Other hedge funds also recently added to or reduced their stakes in the company. Baupost Group LLC MA lifted its stake in shares of Eagle Materials by 26.1% during the fourth quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company’s stock worth $244,967,000 after purchasing an additional 245,588 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Eagle Materials by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock valued at $118,846,000 after buying an additional 16,782 shares in the last quarter. Black Creek Investment Management Inc. acquired a new stake in shares of Eagle Materials in the fourth quarter valued at about $103,778,000. Norges Bank purchased a new stake in shares of Eagle Materials during the 4th quarter valued at about $90,147,000. Finally, Invesco Ltd. raised its holdings in shares of Eagle Materials by 4.6% during the 3rd quarter. Invesco Ltd. now owns 363,508 shares of the construction company’s stock valued at $84,712,000 after buying an additional 15,899 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Down 2.2%

NYSE:EXP opened at $201.08 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. Eagle Materials Inc has a one year low of $171.99 and a one year high of $245.53. The business’s 50-day simple moving average is $214.33 and its 200 day simple moving average is $209.21. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 15.90 and a beta of 1.39.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data 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 net margin of 17.32% and a return on equity of 26.87%. The business had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. During the same quarter last year, the business earned $3.76 EPS. Eagle Materials’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on EXP shares. Zacks Research cut Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Stephens lifted their price objective on shares of Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 20th. 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Eagle Materials presently has a consensus rating of “Hold” and an average price target of $222.56.

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.