Eagle Materials Inc $EXP Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in Eagle Materials Inc (NYSE:EXP) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,671 shares of the construction company’s stock after purchasing an additional 228 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Eagle Materials were worth $3,369,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EXP. JPMorgan Chase & Co. boosted its stake in shares of Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock valued at $475,068,000 after buying an additional 339,089 shares during the period. Baupost Group LLC MA lifted its stake in Eagle Materials by 42.5% in the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock worth $201,875,000 after acquiring an additional 271,410 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Eagle Materials by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock worth $153,607,000 after acquiring an additional 28,559 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Eagle Materials by 57.2% in the 2nd quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock valued at $123,640,000 after purchasing an additional 222,537 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Eagle Materials by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company’s stock valued at $127,876,000 after purchasing an additional 54,324 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXP shares. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Loop Capital upped their price objective on 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 target price on Eagle Materials in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a report on Wednesday, October 8th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Eagle Materials currently has an average rating of “Hold” and an average price target of $255.90.

Eagle Materials Stock Down 1.3%

Shares of NYSE EXP opened at $230.58 on Wednesday. The stock has a market cap of $7.48 billion, a PE ratio of 16.98 and a beta of 1.31. 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 business has a 50-day moving average price of $233.25 and a 200 day moving average price of $222.95.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 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 analyst estimates of $611.52 million. Equities research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, September 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 15th. Eagle Materials’s payout ratio is presently 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.