Eagle Materials Inc $EXP Shares Bought by Weybosset Research & Management LLC

Weybosset Research & Management LLC grew its position in Eagle Materials Inc (NYSE:EXP) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,344 shares of the construction company’s stock after buying an additional 5,634 shares during the period. Eagle Materials accounts for approximately 2.4% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 21st largest position. Weybosset Research & Management LLC owned 0.14% of Eagle Materials worth $8,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Black Creek Investment Management Inc. purchased a new stake in shares of Eagle Materials during the 4th quarter valued at approximately $103,778,000. Norges Bank purchased a new position in Eagle Materials in the fourth quarter worth approximately $90,147,000. Baupost Group LLC MA increased its stake in Eagle Materials by 39.0% during the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock worth $218,978,000 after acquiring an additional 263,403 shares during the last quarter. Earnest Partners LLC acquired a new stake in Eagle Materials during the fourth quarter worth $52,674,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Eagle Materials in the third quarter valued at $51,812,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.1%

NYSE:EXP opened at $224.86 on Monday. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $243.64. The stock’s fifty day moving average is $208.61 and its two-hundred day moving average is $211.47. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 17.14 and a beta of 1.37. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18.

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

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.62%.

Analysts Set New Price Targets

Several brokerages have recently commented on EXP. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised 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. Citigroup reduced their price objective on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Royal Bank Of Canada increased their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. Finally, Stephens dropped their price target on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $224.30.

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.