12,193 Shares in Eagle Materials Inc $EXP Bought by Paralel Advisors LLC

Paralel Advisors LLC purchased a new stake in shares of Eagle Materials Inc (NYSE:EXP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,193 shares of the construction company’s stock, valued at approximately $2,743,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Advisors LLC raised its position in shares of Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares during the period. IFP Advisors Inc boosted its stake 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 worth $28,000 after acquiring an additional 109 shares in 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. Measured Wealth Private Client Group LLC acquired a new stake in shares of Eagle Materials during the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 1.5%

EXP opened at $203.26 on Friday. Eagle Materials Inc has a twelve month low of $171.99 and a twelve month high of $245.53. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $213.90 and a 200 day moving average price of $209.17. The company has a market cap of $6.23 billion, a PE ratio of 16.07 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The company had revenue of $650.97 million during the quarter, compared to analysts’ expectations of $620.35 million. During the same period in the prior year, the business posted $3.76 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts expect that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 14th. Eagle Materials’s dividend payout ratio (DPR) is 7.91%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Wells Fargo & Company cut their price objective on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Stephens upped their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada increased their target price on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $222.56.

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.