Vaughan Nelson Investment Management L.P. Has $62.05 Million Stake in Eagle Materials Inc $EXP

Vaughan Nelson Investment Management L.P. increased its stake in Eagle Materials Inc (NYSE:EXP) by 198.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 306,990 shares of the construction company’s stock after purchasing an additional 204,060 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Eagle Materials were worth $62,046,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EXP. SVB Wealth LLC bought a new stake in shares of Eagle Materials in the 1st quarter valued at $41,000. Parallel Advisors LLC increased its stake in shares of Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock valued at $55,000 after acquiring an additional 52 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock valued at $63,000 after acquiring an additional 80 shares in the last quarter. Assetmark Inc. increased its stake in shares of Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after acquiring an additional 326 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock valued at $103,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $234.51 on Friday. The firm has a market capitalization of $7.61 billion, a PE ratio of 17.27 and a beta of 1.31. The firm has a fifty day simple moving average of $230.67 and a two-hundred day simple moving average of $221.30. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. Analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. Eagle Materials’s dividend payout ratio is presently 7.36%.

Analysts Set New Price Targets

EXP has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Loop Capital boosted their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and seven 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 target price of $254.78.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.