SG Americas Securities LLC Has $6.08 Million Holdings in Eagle Materials Inc $EXP

SG Americas Securities LLC raised its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 1,421.5% during the 4th quarter, HoldingsChannel reports. The fund owned 29,395 shares of the construction company’s stock after purchasing an additional 27,463 shares during the period. SG Americas Securities LLC’s holdings in Eagle Materials were worth $6,075,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Versant Capital Management Inc lifted its position in shares of Eagle Materials by 130.9% in the third 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 acquired a new position in Eagle Materials in the 3rd quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new position in Eagle Materials in the 3rd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its position in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Eagle Materials in the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Up 4.5%

Shares of NYSE:EXP opened at $189.70 on Wednesday. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $5.96 billion, a PE ratio of 14.36 and a beta of 1.35. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $243.64. The firm has a fifty day moving average price of $210.17 and a 200 day moving average price of $218.26.

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

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 16th will be paid 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, March 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.57%.

Analysts Set New Price Targets

Several research firms have recently commented on EXP. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Citigroup lowered their target price on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Royal Bank Of Canada set a $208.00 target price on Eagle Materials in a research report on Tuesday, February 24th. Finally, Stephens reaffirmed an “equal weight” rating and set a $245.00 price target on shares of Eagle Materials in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $228.36.

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.