Eagle Materials Inc $EXP Shares Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its position in Eagle Materials Inc (NYSE:EXP) by 158.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 37,134 shares of the construction company’s stock after purchasing an additional 22,764 shares during the period. Boothbay Fund Management LLC owned 0.12% of Eagle Materials worth $8,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of Eagle Materials by 130.9% during the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after buying an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Eagle Materials in the third quarter worth about $30,000. MAI Capital Management lifted its stake 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 buying an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after acquiring an additional 87 shares during the last quarter. Finally, Eastern Bank purchased a new stake in Eagle Materials during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Zacks Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Citigroup lowered their target price on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Stephens reaffirmed an “equal weight” rating and issued a $245.00 price target on shares of Eagle Materials in a report on Tuesday, January 20th. Finally, Truist Financial reiterated a “hold” rating and set a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a research report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $228.36.

Eagle Materials Stock Performance

NYSE:EXP opened at $186.45 on Friday. Eagle Materials Inc has a fifty-two week low of $184.08 and a fifty-two week high of $243.64. 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 company has a 50 day moving average price of $220.75 and a 200 day moving average price of $222.47. The stock has a market capitalization of $5.86 billion, a P/E ratio of 14.11 and a beta of 1.35.

Eagle Materials (NYSE:EXP) last announced its 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). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The firm had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $556.41 million. During the same period in the previous year, the firm earned $3.59 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s payout ratio is 7.57%.

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.