Hsbc Holdings PLC Purchases New Shares in Eagle Materials Inc $EXP

Hsbc Holdings PLC purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,124 shares of the construction company’s stock, valued at approximately $2,317,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in Eagle Materials by 2,127.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,225 shares of the construction company’s stock valued at $253,000 after buying an additional 1,170 shares during the last quarter. Aristides Capital LLC increased its position in shares of Eagle Materials by 4.7% during the fourth quarter. Aristides Capital LLC now owns 5,821 shares of the construction company’s stock worth $1,203,000 after acquiring an additional 260 shares during the last quarter. MidFirst Bank purchased a new stake in shares of Eagle Materials during the fourth quarter worth about $248,000. Virtu Financial LLC acquired a new position in shares of Eagle Materials in the fourth quarter worth about $1,634,000. Finally, Corient Private Wealth LLC lifted its stake in shares of Eagle Materials by 36.2% in the fourth quarter. Corient Private Wealth LLC now owns 1,820 shares of the construction company’s stock worth $379,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $227.34 on Tuesday. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 17.33 and a beta of 1.37. Eagle Materials Inc has a one year low of $171.99 and a one year high of $245.53. The company’s 50-day simple moving average is $212.21 and its 200-day simple moving average is $211.81. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66.

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

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Eagle Materials’s dividend payout ratio is currently 7.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised 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. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a research report on Tuesday, June 2nd. 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 research note on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $224.30.

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.