Eagle Materials Inc (NYSE:EXP) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Eagle Materials Inc (NYSE:EXP) by 86.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,011 shares of the construction company’s stock after purchasing an additional 19,960 shares during the period. Natixis Advisors LLC owned approximately 0.13% of Eagle Materials worth $9,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Eagle Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock valued at $178,450,000 after purchasing an additional 15,388 shares in the last quarter. Baupost Group LLC MA lifted its stake in shares of Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock valued at $157,488,000 after purchasing an additional 137,950 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in shares of Eagle Materials by 2.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company’s stock valued at $146,099,000 after purchasing an additional 13,988 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Eagle Materials by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 365,330 shares of the construction company’s stock valued at $90,149,000 after purchasing an additional 15,574 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Eagle Materials by 111.1% in the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company’s stock valued at $73,477,000 after purchasing an additional 174,241 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Price Performance

EXP stock opened at $223.15 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93. The stock’s 50 day moving average is $209.99 and its two-hundred day moving average is $223.33. The company has a market capitalization of $7.24 billion, a PE ratio of 16.43 and a beta of 1.24.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data 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 return on equity of 31.21% and a net margin of 19.81%. The company had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. Analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, June 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.4%. Eagle Materials’s payout ratio is currently 7.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EXP shares. Truist Financial reduced their price objective on Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. DA Davidson decreased their price target on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a “hold” rating in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup lowered their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $255.33.

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.