Eagle Materials Inc $EXP Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Eagle Materials Inc (NYSE:EXP) by 25.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,271 shares of the construction company’s stock after acquiring an additional 4,735 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.07% of Eagle Materials worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Eagle Materials by 26.8% during 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 during the last quarter. Private Trust Co. NA boosted its position in shares of Eagle Materials by 39.0% during 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 during the last quarter. Assetmark Inc. boosted its position in shares of Eagle Materials by 486.6% during 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 during the last quarter. LGT Financial Advisors LLC boosted its position in shares of Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after acquiring an additional 310 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Eagle Materials by 39.1% during 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 during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the topic of several recent research reports. Stephens set a $255.00 price target on shares of Eagle Materials and gave the company an “overweight” rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Citigroup decreased their target price on shares of Eagle Materials from $279.00 to $230.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. The Goldman Sachs Group set a $242.00 target price on shares of Eagle Materials and gave the company a “buy” rating in a research report on Wednesday, May 21st. Finally, Loop Capital upped their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $255.33.

Eagle Materials Stock Down 3.0%

EXP stock opened at $226.1240 on Thursday. The company’s 50 day moving average price is $216.35 and its 200 day moving average price is $221.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 16.65 and a beta of 1.24.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $611.52 million. On average, equities research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

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

About Eagle Materials

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.