Fort Washington Investment Advisors Inc. OH Buys 33,800 Shares of Eagle Materials Inc $EXP

Fort Washington Investment Advisors Inc. OH raised its stake in Eagle Materials Inc (NYSE:EXP) by 37.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,111 shares of the construction company’s stock after buying an additional 33,800 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Eagle Materials were worth $23,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in EXP. Focus Partners Wealth raised its position in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after purchasing an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Eagle Materials by 5.8% during the second quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock valued at $20,609,000 after buying an additional 5,612 shares during the period. Baird Financial Group Inc. increased its stake in shares of Eagle Materials by 8.0% during the second quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock valued at $276,000 after buying an additional 101 shares during the period. Finally, Jump Financial LLC increased its stake in shares of Eagle Materials by 359.9% during the second quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after buying an additional 9,790 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXP has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their target price on shares of Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a report on Wednesday, May 20th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada increased their price objective on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $224.30.

Eagle Materials Trading Down 0.0%

Shares of NYSE:EXP opened at $233.75 on Monday. The company has a market capitalization of $7.22 billion, a PE ratio of 17.82 and a beta of 1.37. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $245.53. The business’s fifty day simple moving average is $211.61 and its 200-day simple moving average is $211.74.

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

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s payout ratio is currently 7.62%.

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.