Quantbot Technologies LP Takes Position in Eagle Materials Inc $EXP

Quantbot Technologies LP purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,829 shares of the construction company’s stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Clearstead Advisors LLC grew its stake in Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after purchasing an additional 96 shares in the last quarter. IFP Advisors Inc raised its stake in Eagle Materials by 389.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Eagle Materials during the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in Eagle Materials during the 3rd quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. DA Davidson initiated coverage on shares of Eagle Materials in a research note on Monday. They set a “neutral” rating and a $220.00 target price for the company. Citigroup dropped 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. Finally, JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $223.67.

Eagle Materials Stock Performance

Shares of EXP stock opened at $200.45 on Thursday. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $245.53. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 15.85 and a beta of 1.38. The business has a 50 day simple moving average of $212.80 and a 200 day simple moving average of $208.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.08). The business had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.76 EPS. On average, equities research analysts anticipate that Eagle Materials Inc will post 12.66 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is 7.91%.

Insider Activity at Eagle Materials

In related news, SVP Tony Thompson sold 3,074 shares of Eagle Materials stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $203.96, for a total transaction of $626,973.04. Following the sale, the senior vice president directly owned 10,142 shares in the company, valued at $2,068,562.32. The trade was a 23.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Eagle Materials 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.