Kennedy Capital Management LLC Acquires 8,534 Shares of Eagle Materials Inc $EXP

Kennedy Capital Management LLC grew its holdings in Eagle Materials Inc (NYSE:EXP) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,442 shares of the construction company’s stock after purchasing an additional 8,534 shares during the period. Kennedy Capital Management LLC’s holdings in Eagle Materials were worth $24,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Advisors LLC increased its holdings in shares of Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after purchasing an additional 96 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Eagle Materials in the 4th quarter worth $29,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Eagle Materials in the 3rd quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Eagle Materials in the 3rd quarter worth $34,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP opened at $214.86 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. Eagle Materials Inc has a one year low of $171.99 and a one year high of $243.64. The firm has a market capitalization of $6.65 billion, a P/E ratio of 16.38 and a beta of 1.37. The business has a fifty day moving average of $205.45 and a 200 day moving average of $211.51.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.59 by $0.32. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The company had revenue of $479.11 million during the quarter, compared to analyst estimates of $451.99 million. During the same quarter in the previous year, the company posted $2.00 earnings per share. Eagle Materials’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 13.02 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is presently 7.62%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXP. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Wells Fargo & Company lifted their target price on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Citigroup reduced their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a report on Wednesday, May 20th. Finally, Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $224.30.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.