Y Intercept Hong Kong Ltd Takes Position in Eagle Materials Inc $EXP

Y Intercept Hong Kong Ltd acquired a new stake in Eagle Materials Inc (NYSE:EXP) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 14,731 shares of the construction company’s stock, valued at approximately $2,977,000.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in Eagle Materials in the 1st quarter valued at $41,000. Caitong International Asset Management Co. Ltd lifted its position in Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Private Trust Co. NA lifted its position in 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. lifted its position in 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 lifted its position in 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. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Loop Capital boosted their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $246.00 price target on shares of Eagle Materials in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $255.90.

Eagle Materials Trading Down 8.1%

Shares of NYSE:EXP opened at $214.25 on Friday. The company’s 50-day moving average price is $233.14 and its two-hundred day moving average price is $222.95. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The stock has a market capitalization of $6.95 billion, a PE ratio of 15.78 and a beta of 1.31.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.12). The firm had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.31 earnings per share. On average, equities analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, September 15th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is currently 7.36%.

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.