RPG Investment Advisory LLC boosted its position in shares of Eagle Materials, Inc. (NYSE:EXP) by 30.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,261 shares of the construction company’s stock after buying an additional 15,274 shares during the period. RPG Investment Advisory LLC owned approximately 0.14% of Eagle Materials worth $5,586,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in shares of Eagle Materials by 76.8% during the third quarter. Janus Henderson Group PLC now owns 5,248 shares of the construction company’s stock worth $447,000 after purchasing an additional 2,280 shares in the last quarter. Credit Suisse AG increased its position in shares of Eagle Materials by 4.6% during the third quarter. Credit Suisse AG now owns 46,599 shares of the construction company’s stock worth $3,971,000 after purchasing an additional 2,033 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eagle Materials by 12.7% during the third quarter. Dimensional Fund Advisors LP now owns 466,996 shares of the construction company’s stock worth $39,806,000 after purchasing an additional 52,527 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Eagle Materials during the third quarter worth about $1,071,000. Finally, Allianz Asset Management GmbH increased its position in shares of Eagle Materials by 10.9% during the third quarter. Allianz Asset Management GmbH now owns 64,560 shares of the construction company’s stock worth $5,503,000 after purchasing an additional 6,329 shares in the last quarter. Hedge funds and other institutional investors own 95.68% of the company’s stock.
EXP has been the topic of a number of research analyst reports. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. SunTrust Banks initiated coverage on Eagle Materials in a research report on Monday, March 25th. They set a “buy” rating on the stock. Jefferies Financial Group upgraded Eagle Materials from an “underweight” rating to a “market weight” rating in a research report on Monday, March 11th. ValuEngine upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, JPMorgan Chase & Co. initiated coverage on Eagle Materials in a research report on Thursday, March 21st. They set a “neutral” rating and a $85.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $103.14.
EXP stock traded up $0.13 during trading on Monday, hitting $86.25. The company had a trading volume of 265,412 shares, compared to its average volume of 783,949. The stock has a market capitalization of $3.88 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34. Eagle Materials, Inc. has a 1-year low of $57.00 and a 1-year high of $115.75. The company has a quick ratio of 0.87, a current ratio of 2.26 and a debt-to-equity ratio of 0.42.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.06). The company had revenue of $333.30 million during the quarter, compared to analyst estimates of $357.08 million. Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The business’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.08 EPS. Analysts expect that Eagle Materials, Inc. will post 5.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date is Thursday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is presently 9.48%.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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