Eagle Materials Inc $EXP Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in Eagle Materials Inc (NYSE:EXP) by 42.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,730 shares of the construction company’s stock after purchasing an additional 80,000 shares during the quarter. Handelsbanken Fonder AB owned 0.83% of Eagle Materials worth $62,392,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Versant Capital Management Inc raised its holdings in Eagle Materials by 130.9% in the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after buying an additional 72 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after acquiring an additional 155 shares during the period. MAI Capital Management raised its stake in shares of Eagle Materials by 3,060.0% in the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after acquiring an additional 153 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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 worth $35,000 after acquiring an additional 87 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of Eagle Materials during the 3rd quarter worth approximately $49,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 1.9%

Shares of Eagle Materials stock opened at $226.47 on Friday. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $243.64. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The company’s 50-day simple moving average is $222.96 and its 200-day simple moving average is $224.89. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 17.14 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The firm had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same quarter in the previous year, the business earned $3.59 EPS. Eagle Materials’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s payout ratio is 7.57%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EXP shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $215.00 target price (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. DA Davidson reduced their price target on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Wall Street Zen cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Truist Financial reaffirmed a “hold” rating and set a $210.00 target price (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Finally, Wells Fargo & Company decreased their price target on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $228.36.

Eagle Materials 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.