Foyston Gordon & Payne Inc Acquires Shares of 3,624 Eagle Materials Inc $EXP

Foyston Gordon & Payne Inc bought a new position in shares of Eagle Materials Inc (NYSE:EXP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,624 shares of the construction company’s stock, valued at approximately $815,000.

Other hedge funds have also bought and sold shares of the company. Commerce Bank bought a new position in Eagle Materials in the 2nd quarter valued at $515,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Eagle Materials in the 2nd quarter worth about $117,000. Quantbot Technologies LP bought a new position in Eagle Materials during the second quarter valued at about $862,000. W1M Asset Management Ltd bought a new stake in Eagle Materials in the second quarter worth about $155,199,000. Finally, William Blair Investment Management LLC purchased a new position in Eagle Materials in the second quarter valued at about $129,760,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Price Performance

NYSE EXP opened at $207.15 on Friday. 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 company has a market cap of $6.35 billion, a PE ratio of 16.38 and a beta of 1.38. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $245.53. The firm’s 50-day simple moving average is $213.74 and its two-hundred day simple moving average is $209.15.

Eagle Materials (NYSE:EXP) last posted 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). The business had revenue of $650.97 million during the quarter, compared to analysts’ expectations of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.Eagle Materials’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.76 EPS. Research analysts predict that Eagle Materials Inc will post 12.66 earnings per share for the current year.

Eagle Materials Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on EXP shares. Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Tuesday, June 2nd. Royal Bank Of Canada upped their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Wells Fargo & Company reduced their price objective on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Finally, Stephens raised their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $222.56.

About Eagle Materials

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.