Lighthouse Investment Partners LLC Acquires 30,250 Shares of Eagle Materials Inc $EXP

Lighthouse Investment Partners LLC raised its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 743.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,317 shares of the construction company’s stock after acquiring an additional 30,250 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.11% of Eagle Materials worth $7,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of Eagle Materials by 130.9% in the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Eagle Materials during the 3rd quarter worth about $30,000. MAI Capital Management boosted its stake in Eagle Materials by 3,060.0% in the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after purchasing an additional 153 shares during the period. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 87 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in Eagle Materials during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXP. DA Davidson lowered their price target on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Wells Fargo & Company decreased their target price on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Thursday, January 29th. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Truist Financial reissued a “hold” rating and issued a $210.00 price target (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $228.36.

Eagle Materials Stock Up 0.5%

EXP stock opened at $187.42 on Tuesday. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The company’s 50 day moving average is $220.17 and its 200 day moving average is $222.07. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 14.19 and a beta of 1.35. Eagle Materials Inc has a 1-year low of $184.08 and a 1-year high of $243.64.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company had revenue of $555.96 million for the quarter, compared to the consensus estimate of $556.41 million. During the same quarter in the previous year, the firm earned $3.59 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts predict that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s payout ratio is currently 7.57%.

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.