ING Groep NV Buys New Position in Eagle Materials Inc $EXP

ING Groep NV purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,200 shares of the construction company’s stock, valued at approximately $1,075,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Focus Partners Wealth lifted its stake in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after acquiring an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Eagle Materials by 102.4% in the second 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 last quarter. First Trust Advisors LP raised its holdings in shares of Eagle Materials by 5.8% in the second 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 last quarter. Baird Financial Group Inc. lifted its position in shares of Eagle Materials by 8.0% during the second 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 lifted its position in shares of Eagle Materials by 359.9% during the second 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. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

EXP opened at $213.60 on Thursday. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $243.64. The firm has a 50-day moving average of $204.42 and a 200 day moving average of $211.44. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66. The firm has a market cap of $6.61 billion, a P/E ratio of 16.28 and a beta of 1.37.

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

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.25 dividend. 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, June 15th. Eagle Materials’s payout ratio is 7.62%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EXP. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective for the company in a research report on Tuesday, June 2nd. Stephens dropped their target price on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. Wells Fargo & Company boosted their target price on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and an average target price of $224.30.

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.