New Age Alpha Advisors LLC Boosts Stock Position in Eagle Materials Inc $EXP

New Age Alpha Advisors LLC lifted its holdings in Eagle Materials Inc (NYSE:EXP) by 206.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,495 shares of the construction company’s stock after purchasing an additional 15,152 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Eagle Materials were worth $4,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXP. Focus Partners Wealth grew its holdings in shares of Eagle Materials by 21.5% in the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after purchasing an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $35,000 after purchasing an additional 87 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Eagle Materials by 5.8% in the second quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock valued at $20,609,000 after purchasing an additional 5,612 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Eagle Materials by 8.0% in the second quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock valued at $276,000 after purchasing an additional 101 shares in the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Eagle Materials by 359.9% in the second quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after purchasing an additional 9,790 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXP shares. Royal Bank Of Canada lifted their price objective 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. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. DA Davidson dropped their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Finally, Stephens dropped their price objective on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $223.30.

Eagle Materials Stock Down 0.1%

Shares of EXP opened at $199.30 on Tuesday. The firm has a market capitalization of $6.17 billion, a P/E ratio of 15.19 and a beta of 1.38. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $243.64. The company has a current ratio of 3.66, a quick ratio of 2.68 and a debt-to-equity ratio of 1.18. The firm has a fifty day moving average price of $196.57 and a 200-day moving average price of $210.46.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The firm had revenue of $479.11 million during the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 earnings per share. Equities research analysts expect that Eagle Materials Inc will post 12.6 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.25 per share. 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, June 15th. Eagle Materials’s payout ratio is currently 7.62%.

Eagle Materials Company 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.