JLB & Associates Inc. Takes Position in Eagle Materials Inc $EXP

JLB & Associates Inc. acquired a new stake in Eagle Materials Inc (NYSE:EXP) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 3,064 shares of the construction company’s stock, valued at approximately $689,000.

A number of other hedge funds also recently added to or reduced their stakes in EXP. Clearstead Advisors LLC grew its holdings in Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares in the last quarter. IFP Advisors Inc raised 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 valued at $28,000 after purchasing an additional 109 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Eagle Materials in the 4th quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Eagle Materials during the third quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after buying an additional 87 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Royal Bank Of Canada increased their target price on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 20th. Stephens lifted their price target on Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Wells Fargo & Company reduced their price target on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Hold” and an average target price of $222.56.

Eagle Materials Trading Down 2.2%

NYSE:EXP opened at $201.08 on Wednesday. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $245.53. The firm has a 50 day moving average of $214.33 and a 200 day moving average of $209.21. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.90 and a beta of 1.39.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm had revenue of $650.97 million during the quarter, compared to analyst estimates of $620.35 million. During the same quarter last year, the business earned $3.76 earnings per share. Eagle Materials’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.91%.

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.