Deutsche Bank AG Purchases New Position in Eagle Materials Inc $EXP

Deutsche Bank AG acquired a new position in Eagle Materials Inc (NYSE:EXP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,137 shares of the construction company’s stock, valued at approximately $2,506,000.

Other hedge funds have also modified their holdings of the company. Caisse de depot et placement du Quebec boosted its position in shares of Eagle Materials by 3.6% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after acquiring an additional 50 shares during the last quarter. M&T Bank Corp increased its position in Eagle Materials by 2.6% in the fourth quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock worth $498,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC increased its position in Eagle Materials by 9.0% in the second quarter. GAMMA Investing LLC now owns 1,015 shares of the construction company’s stock worth $228,000 after purchasing an additional 84 shares during the last quarter. QRG Capital Management Inc. raised its stake in Eagle Materials by 7.0% during the first quarter. QRG Capital Management Inc. now owns 1,294 shares of the construction company’s stock valued at $245,000 after purchasing an additional 85 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in Eagle Materials by 4.9% during the first quarter. HB Wealth Management LLC now owns 1,871 shares of the construction company’s stock valued at $354,000 after purchasing an additional 87 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Down 1.2%

NYSE EXP opened at $197.68 on Friday. The stock has a market cap of $6.06 billion, a PE ratio of 15.63 and a beta of 1.38. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $245.53. The company’s 50-day moving average price is $212.26 and its 200-day moving average price is $208.47. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17.

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

Eagle Materials Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on EXP shares. DA Davidson started coverage on shares of Eagle Materials in a report on Monday. They issued a “neutral” rating and a $220.00 target price on the stock. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Wells Fargo & Company decreased their price objective on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada raised their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $223.67.

Insider Buying and Selling

In related news, SVP Tony Thompson sold 3,074 shares of Eagle Materials stock in a transaction that occurred on Monday, August 24th. The shares were 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 trade represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.70% of the company’s stock.

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.