Global Alpha Capital Management Ltd. Boosts Stock Position in Eagle Materials Inc $EXP

Global Alpha Capital Management Ltd. lifted its position in Eagle Materials Inc (NYSE:EXP) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 192,746 shares of the construction company’s stock after buying an additional 47,453 shares during the quarter. Eagle Materials makes up 2.4% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 15th largest holding. Global Alpha Capital Management Ltd.’s holdings in Eagle Materials were worth $39,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Havemeyer Place LP purchased a new stake in shares of Eagle Materials in the 4th quarter valued at $257,000. Vestcor Inc grew its stake in Eagle Materials by 43.9% during the 4th quarter. Vestcor Inc now owns 6,557 shares of the construction company’s stock worth $1,355,000 after purchasing an additional 2,000 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Eagle Materials by 23.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 89,747 shares of the construction company’s stock worth $18,549,000 after purchasing an additional 17,166 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Eagle Materials by 19,300.0% during the 4th quarter. Bruce G. Allen Investments LLC now owns 194 shares of the construction company’s stock worth $40,000 after purchasing an additional 193 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Eagle Materials by 3.3% during the 4th quarter. Bridges Investment Management Inc. now owns 8,764 shares of the construction company’s stock worth $1,811,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the subject of several analyst reports. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Stephens lowered their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. Finally, Citigroup lowered their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $224.30.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $212.48 on Friday. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The company has a 50-day simple moving average of $202.62 and a 200-day simple moving average of $211.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The company has a market cap of $6.58 billion, a PE ratio of 16.20 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.32. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. During the same period last year, the company posted $2.00 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is 7.62%.

About Eagle Materials

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.