Morningstar Investment Management LLC Acquires 2,971 Shares of Eagle Materials Inc $EXP

Morningstar Investment Management LLC boosted its holdings in Eagle Materials Inc (NYSE:EXP) by 162.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,796 shares of the construction company’s stock after buying an additional 2,971 shares during the quarter. Morningstar Investment Management LLC’s holdings in Eagle Materials were worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clearstead Advisors LLC lifted its holdings in shares of 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 acquiring an additional 96 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Eagle Materials during the 4th quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Eagle Materials during the 3rd quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 87 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. 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 note on Wednesday, May 20th. Wells Fargo & Company lowered their price target on shares of Eagle Materials from $246.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $226.00.

Eagle Materials Trading Up 3.0%

Shares of NYSE EXP opened at $213.34 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $245.53. The firm has a 50 day moving average price of $213.86 and a two-hundred day moving average price of $211.04. The stock has a market cap of $6.59 billion, a P/E ratio of 16.26 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. As a group, equities analysts forecast that Eagle Materials Inc will post 12.9 EPS for the current year.

Eagle Materials Dividend Announcement

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

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.