Baupost Group LLC MA Has $244.97 Million Holdings in Eagle Materials Inc $EXP

Baupost Group LLC MA boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 26.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,185,248 shares of the construction company’s stock after buying an additional 245,588 shares during the quarter. Eagle Materials accounts for 4.6% of Baupost Group LLC MA’s portfolio, making the stock its 11th biggest holding. Baupost Group LLC MA’s holdings in Eagle Materials were worth $244,967,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Eagle Materials during the 3rd quarter valued at about $30,000. Clearstead Advisors LLC lifted its holdings in shares of Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after buying an additional 96 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Eagle Materials during the 4th quarter valued at about $29,000. IFP Advisors Inc lifted its holdings in shares of Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after buying an additional 109 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Eagle Materials during the 3rd quarter valued at about $34,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXP. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a report on Tuesday, June 2nd. Royal Bank Of Canada boosted their target price on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. Stephens reduced their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, May 20th. Citigroup reduced their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Finally, Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $224.30.

Eagle Materials Stock Performance

NYSE:EXP opened at $214.86 on Friday. The firm’s 50-day moving average is $205.45 and its 200-day moving average is $211.51. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $243.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 16.38 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The business had revenue of $479.11 million for the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.Eagle Materials’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 earnings per share. Equities research analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed 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. 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, June 15th. Eagle Materials’s dividend payout ratio (DPR) is presently 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.