Mattson Financial Services LLC Invests $202,000 in Eagle Materials Inc $EXP

Mattson Financial Services LLC acquired a new position in shares of Eagle Materials Inc (NYSE:EXP) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 999 shares of the construction company’s stock, valued at approximately $202,000.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Eagle Materials by 18.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock worth $475,068,000 after purchasing an additional 339,089 shares in the last quarter. Baupost Group LLC MA grew its holdings in shares of Eagle Materials by 42.5% during the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock worth $201,875,000 after purchasing an additional 271,410 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Eagle Materials by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock worth $153,607,000 after purchasing an additional 28,559 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Eagle Materials by 10.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company’s stock worth $127,876,000 after purchasing an additional 54,324 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Eagle Materials by 111.1% during the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company’s stock worth $73,477,000 after purchasing an additional 174,241 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

Eagle Materials stock opened at $237.28 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The firm has a market cap of $7.70 billion, a P/E ratio of 17.47 and a beta of 1.31. The business’s fifty day moving average is $232.98 and its two-hundred day moving average is $222.14. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.03. The company had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. Equities research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s payout ratio is currently 7.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXP. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their price target on Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research note on Wednesday, October 8th. Loop Capital boosted their price target on Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company raised Eagle Materials to a “strong-buy” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $255.40.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.