Morningstar Investment Management LLC Has $909,000 Stock Position in Eagle Materials Inc $EXP

Morningstar Investment Management LLC boosted its stake in Eagle Materials Inc (NYSE:EXP) by 162.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,796 shares of the construction company’s stock after acquiring an additional 2,971 shares during the period. Morningstar Investment Management LLC’s holdings in Eagle Materials were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXP. Clearstead Advisors LLC raised its holdings in Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after purchasing an additional 96 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after purchasing an additional 109 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Eagle Materials in the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Eagle Materials in the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of 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 buying an additional 87 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. Stephens cut their price target on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Royal Bank Of Canada lifted their price objective on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $226.00.

Eagle Materials Stock Performance

NYSE:EXP opened at $213.34 on Friday. The company has a fifty day moving average of $213.86 and a 200-day moving average of $211.04. The firm has a market capitalization of $6.59 billion, a P/E ratio of 16.26 and a beta of 1.37. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. Eagle Materials Inc has a twelve month low of $171.99 and a twelve month high of $245.53.

Eagle Materials (NYSE:EXP) last released 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 company had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. Eagle Materials’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.00 EPS. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 12.9 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 15th. Eagle Materials’s payout ratio is 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.