New Age Alpha Advisors LLC Acquires 15,152 Shares of Eagle Materials Inc $EXP

New Age Alpha Advisors LLC lifted its holdings in Eagle Materials Inc (NYSE:EXP) by 206.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,495 shares of the construction company’s stock after purchasing an additional 15,152 shares during the period. New Age Alpha Advisors LLC owned about 0.07% of Eagle Materials worth $4,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXP. Coldstream Capital Management Inc. raised its stake in Eagle Materials by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,012 shares of the construction company’s stock worth $623,000 after acquiring an additional 180 shares during the period. Jefferies Financial Group Inc. bought a new stake in Eagle Materials during the 4th quarter worth approximately $285,000. Global Retirement Partners LLC raised its stake in Eagle Materials by 1,242.9% during the 4th quarter. Global Retirement Partners LLC now owns 282 shares of the construction company’s stock worth $58,000 after acquiring an additional 261 shares during the period. Hi Line Capital Management LLC raised its stake in Eagle Materials by 6.3% during the 4th quarter. Hi Line Capital Management LLC now owns 32,728 shares of the construction company’s stock worth $6,772,000 after acquiring an additional 1,930 shares during the period. Finally, IFP Advisors Inc raised its stake in Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after acquiring an additional 109 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Down 0.1%

Eagle Materials stock opened at $199.30 on Tuesday. The stock has a market cap of $6.17 billion, a P/E ratio of 15.19 and a beta of 1.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.68. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $243.64. The firm’s 50 day moving average price is $196.57 and its 200-day moving average price is $210.46.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data 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. The firm had revenue of $479.11 million for 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 business posted $2.00 earnings per share. On average, equities analysts predict that Eagle Materials Inc will post 12.6 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.62%.

Wall Street Analysts Forecast Growth

EXP has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised 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 note on Wednesday, May 20th. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Wells Fargo & Company raised their target price on shares of Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. DA Davidson decreased their target price on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Eagle Materials has an average rating of “Hold” and an average target price of $223.30.

About Eagle Materials

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.