Aventail Capital Group LP Buys Shares of 4,206 Eagle Materials Inc $EXP

Aventail Capital Group LP bought a new stake in Eagle Materials Inc (NYSE:EXP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,206 shares of the construction company’s stock, valued at approximately $980,000.

A number of other hedge funds have also made changes to their positions in EXP. California Public Employees Retirement System boosted its holdings in shares of Eagle Materials by 4.4% during the third quarter. California Public Employees Retirement System now owns 63,805 shares of the construction company’s stock worth $14,869,000 after purchasing an additional 2,670 shares during the period. Bank of America Corp DE increased its stake in Eagle Materials by 17.6% in the 3rd quarter. Bank of America Corp DE now owns 244,975 shares of the construction company’s stock valued at $57,089,000 after buying an additional 36,590 shares during the period. Boothbay Fund Management LLC increased its stake in Eagle Materials by 158.4% in the 3rd quarter. Boothbay Fund Management LLC now owns 37,134 shares of the construction company’s stock valued at $8,654,000 after buying an additional 22,764 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in Eagle Materials by 30.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 121,599 shares of the construction company’s stock worth $28,337,000 after buying an additional 28,262 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Eagle Materials during the 3rd quarter valued at $1,916,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 0.0%

Shares of NYSE:EXP opened at $186.45 on Friday. The stock has a market capitalization of $5.86 billion, a PE ratio of 14.11 and a beta of 1.35. Eagle Materials Inc has a 1 year low of $184.08 and a 1 year high of $243.64. The firm has a fifty day moving average price of $220.75 and a 200 day moving average price of $222.47. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company had revenue of $555.96 million for the quarter, compared to the consensus estimate of $556.41 million. During the same quarter last year, the business earned $3.59 earnings per share. Eagle Materials’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXP shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $215.00 price target (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. Citigroup cut their price objective on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Zacks Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Royal Bank Of Canada set a $208.00 target price on Eagle Materials in a research note on Tuesday, February 24th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $245.00 target price on shares of Eagle Materials in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $228.36.

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.