Los Angeles Capital Management LLC Raises Holdings in Eagle Materials Inc $EXP

Los Angeles Capital Management LLC boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 35.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,841 shares of the construction company’s stock after buying an additional 738 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Eagle Materials were worth $574,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EXP. Transce3nd LLC grew its holdings in shares of Eagle Materials by 9.7% during the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock worth $122,000 after purchasing an additional 49 shares during the period. Sheets Smith Wealth Management lifted its position in Eagle Materials by 2.0% in the second quarter. Sheets Smith Wealth Management now owns 2,750 shares of the construction company’s stock valued at $556,000 after buying an additional 54 shares during the last quarter. Blue Trust Inc. lifted its position in Eagle Materials by 5.2% in the second quarter. Blue Trust Inc. now owns 1,146 shares of the construction company’s stock valued at $232,000 after buying an additional 57 shares during the last quarter. Fulton Bank N.A. boosted its stake in Eagle Materials by 6.1% during the second quarter. Fulton Bank N.A. now owns 1,084 shares of the construction company’s stock worth $219,000 after buying an additional 62 shares during the period. Finally, Tectonic Advisors LLC increased its position in shares of Eagle Materials by 0.6% during the second quarter. Tectonic Advisors LLC now owns 9,652 shares of the construction company’s stock valued at $1,951,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP stock opened at $202.03 on Friday. The business’s 50-day moving average is $227.24 and its two-hundred day moving average is $222.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The firm has a market capitalization of $6.48 billion, a P/E ratio of 14.88 and a beta of 1.31. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). The firm had revenue of $638.91 million during the quarter, compared to analysts’ expectations of $635.55 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.31 earnings per share. Analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th. Eagle Materials’s payout ratio is presently 7.38%.

Insider Activity

In other news, Director David E. Rush acquired 1,000 shares of Eagle Materials stock in a transaction on Wednesday, November 5th. The stock was bought at an average price of $208.08 per share, for a total transaction of $208,080.00. Following the completion of the purchase, the director owned 4,173 shares in the company, valued at $868,317.84. This represents a 31.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXP shares. JPMorgan Chase & Co. decreased their price objective on shares of Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group reissued a “hold” rating and issued a $226.00 target price on shares of Eagle Materials in a research report on Monday, November 3rd. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Thursday. Finally, Zacks Research downgraded Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $243.30.

About Eagle Materials

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.