3,624 Shares in Eagle Materials Inc $EXP Purchased by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc bought a new position in Eagle Materials Inc (NYSE:EXP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,624 shares of the construction company’s stock, valued at approximately $815,000.

A number of other hedge funds have also added to or reduced their stakes in EXP. Focus Partners Wealth lifted its holdings in shares of Eagle Materials by 21.5% in the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after buying an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after acquiring an additional 87 shares during the period. First Trust Advisors LP boosted its position in shares of Eagle Materials by 5.8% in the second quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock valued at $20,609,000 after acquiring an additional 5,612 shares during the period. Baird Financial Group Inc. grew its stake in Eagle Materials by 8.0% during the second quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock valued at $276,000 after acquiring an additional 101 shares in the last quarter. Finally, Jump Financial LLC grew its stake in Eagle Materials by 359.9% during the second quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after acquiring an additional 9,790 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $207.15 on Friday. The stock has a market cap of $6.35 billion, a PE ratio of 16.38 and a beta of 1.38. The company’s fifty day moving average is $213.74 and its 200 day moving average is $209.15. 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 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $620.35 million. During the same quarter in the previous year, the company earned $3.76 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Research analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 14th. Eagle Materials’s payout ratio is 7.91%.

Analysts Set New Price Targets

A number of analysts recently weighed in on EXP shares. Citigroup decreased their target price on shares of Eagle Materials from $240.00 to $232.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Tuesday, June 2nd. Zacks Research cut shares of Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Finally, Stephens upped their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.