Schroder Investment Management Group Increases Stock Position in Eagle Materials Inc. (NYSE:EXP)

Schroder Investment Management Group grew its holdings in shares of Eagle Materials Inc. (NYSE:EXP – Get Rating) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 414,175 shares of the construction company’s stock after acquiring an additional 13,204 shares during the quarter. Schroder Investment Management Group’s holdings in Eagle Materials were worth $55,023,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EXP. Meritage Portfolio Management raised its holdings in shares of Eagle Materials by 3.6% in the fourth quarter. Meritage Portfolio Management now owns 1,987 shares of the construction company’s stock worth $264,000 after buying an additional 69 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Eagle Materials by 2.7% in the fourth quarter. Synovus Financial Corp now owns 2,716 shares of the construction company’s stock worth $361,000 after buying an additional 71 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Eagle Materials by 0.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 11,302 shares of the construction company’s stock worth $1,587,000 after buying an additional 73 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Eagle Materials by 23.6% in the fourth quarter. Fifth Third Bancorp now owns 388 shares of the construction company’s stock worth $52,000 after buying an additional 74 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Eagle Materials by 8.9% in the fourth quarter. Van ECK Associates Corp now owns 1,234 shares of the construction company’s stock worth $164,000 after buying an additional 101 shares during the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

EXP stock traded up $0.94 during midday trading on Friday, hitting $167.50. 6,047 shares of the stock traded hands, compared to its average volume of 284,763. The firm has a market cap of $5.93 billion, a P/E ratio of 13.37 and a beta of 1.31. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.45 and a quick ratio of 1.08. The stock’s fifty day simple moving average is $149.05 and its 200-day simple moving average is $141.91. Eagle Materials Inc. has a 1-year low of $101.98 and a 1-year high of $169.19.

Eagle Materials (NYSE:EXP – Get Rating) last announced its earnings results on Thursday, May 18th. The construction company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.44. Eagle Materials had a net margin of 21.49% and a return on equity of 40.09%. The business had revenue of $470.10 million for the quarter, compared to analyst estimates of $452.11 million. During the same quarter last year, the business earned $1.90 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts expect that Eagle Materials Inc. will post 13.04 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. Eagle Materials’s payout ratio is presently 8.03%.

Insider Buying and Selling

In related news, SVP William R. Devlin sold 4,914 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $168.30, for a total transaction of $827,026.20. Following the transaction, the senior vice president now directly owns 26,269 shares in the company, valued at $4,421,072.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXP. DA Davidson raised their target price on shares of Eagle Materials from $140.00 to $175.00 in a report on Monday. The Goldman Sachs Group raised their target price on shares of Eagle Materials from $130.00 to $149.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Truist Financial raised their target price on shares of Eagle Materials from $155.00 to $195.00 in a report on Friday, May 19th. StockNews.com began coverage on shares of Eagle Materials in a report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Loop Capital raised their target price on shares of Eagle Materials from $160.00 to $181.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.50.

Eagle Materials Company Profile

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Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.