Jupiter Topco LLC Invests $19.55 Million in Eagle Materials Inc $EXP

Jupiter Topco LLC acquired a new stake in Eagle Materials Inc (NYSE:EXP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 86,906 shares of the construction company’s stock, valued at approximately $19,555,000.

A number of other hedge funds have also bought and sold shares of EXP. Focus Partners Wealth grew its holdings in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after acquiring an additional 357 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 valued at $35,000 after purchasing an additional 87 shares during the period. First Trust Advisors LP lifted its stake in shares of Eagle Materials by 5.8% in the 2nd quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock valued at $20,609,000 after purchasing an additional 5,612 shares during the period. Baird Financial Group Inc. boosted its position in shares of Eagle Materials by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock valued at $276,000 after purchasing an additional 101 shares in the last quarter. Finally, Jump Financial LLC boosted its position in shares of Eagle Materials by 359.9% during the 2nd quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after purchasing an additional 9,790 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP stock opened at $197.88 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91. The company’s 50-day moving average is $211.72 and its 200-day moving average is $208.40. The stock has a market capitalization of $6.07 billion, a PE ratio of 15.64 and a beta of 1.38. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $245.53.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. During the same period in the previous year, the firm earned $3.76 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Eagle Materials Inc will post 12.66 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is currently 7.91%.

Insider Activity at Eagle Materials

In other news, SVP Tony Thompson sold 3,074 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $203.96, for a total transaction of $626,973.04. Following the transaction, the senior vice president directly owned 10,142 shares of the company’s stock, valued at $2,068,562.32. This represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EXP shares. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Tuesday, June 2nd. Wells Fargo & Company dropped their price target on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Stephens lifted their price objective on shares of Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Eagle Materials presently has an average rating of “Hold” and an average price target of $223.67.

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.