126,500 Shares in Eagle Materials Inc $EXP Bought by Cartenna Capital LP

Cartenna Capital LP bought a new stake in shares of Eagle Materials Inc (NYSE:EXP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 126,500 shares of the construction company’s stock, valued at approximately $29,480,000. Eagle Materials makes up approximately 0.8% of Cartenna Capital LP’s portfolio, making the stock its 28th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in Eagle Materials by 130.9% in the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after purchasing an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Eagle Materials during the third quarter valued at about $30,000. MAI Capital Management increased its holdings in shares of Eagle Materials by 3,060.0% in the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 worth $35,000 after purchasing an additional 87 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Eagle Materials in the third quarter worth about $49,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Performance

NYSE EXP opened at $186.45 on Friday. The company has a market cap of $5.86 billion, a P/E ratio of 14.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. The business’s 50 day moving average price is $220.75 and its 200-day moving average price is $222.47. Eagle Materials Inc has a fifty-two week low of $184.08 and a fifty-two week high of $243.64.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The company had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.59 earnings per share. Sell-side analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, March 16th. Eagle Materials’s dividend payout ratio (DPR) is 7.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada set a $208.00 price target on Eagle Materials in a report on Tuesday, February 24th. DA Davidson decreased their price objective on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $215.00 target price (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. Finally, Citigroup reduced their price target on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $228.36.

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.