Eagle Materials Inc $EXP Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG increased its holdings in Eagle Materials Inc (NYSE:EXP) by 185.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,210 shares of the construction company’s stock after acquiring an additional 63,800 shares during the quarter. Raiffeisen Bank International AG’s holdings in Eagle Materials were worth $20,298,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EXP. Norges Bank acquired a new position in shares of Eagle Materials in the fourth quarter worth about $90,147,000. Baupost Group LLC MA lifted its stake in shares of Eagle Materials by 39.0% in the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock worth $218,978,000 after acquiring an additional 263,403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Eagle Materials in the third quarter worth about $51,812,000. Cartenna Capital LP acquired a new stake in Eagle Materials during the third quarter valued at approximately $29,480,000. Finally, Ameriprise Financial Inc. raised its stake in Eagle Materials by 56.9% during the second quarter. Ameriprise Financial Inc. now owns 227,869 shares of the construction company’s stock valued at $46,047,000 after buying an additional 82,679 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXP. Wells Fargo & Company upped their price objective on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a research note on Wednesday, May 20th. Stephens cut their price objective on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $224.30.

Eagle Materials Stock Up 1.9%

NYSE:EXP opened at $217.25 on Friday. The firm has a market capitalization of $6.72 billion, a PE ratio of 16.56 and a beta of 1.37. The stock has a 50 day moving average of $204.97 and a 200-day moving average of $211.49. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $243.64. 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 (NYSE:EXP) last posted its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.59 by $0.32. The company had revenue of $479.11 million during the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. Analysts predict that Eagle Materials Inc will post 13.02 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio is 7.62%.

Eagle Materials Company 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.