Hudson Bay Capital Management LP Has $5.98 Million Stock Position in Eagle Materials Inc $EXP

Hudson Bay Capital Management LP boosted its holdings in Eagle Materials Inc (NYSE:EXP) by 22.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,641 shares of the construction company’s stock after buying an additional 4,728 shares during the quarter. Hudson Bay Capital Management LP owned approximately 0.08% of Eagle Materials worth $5,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXP. Versant Capital Management Inc raised its stake in 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 acquiring an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Eagle Materials in the 3rd quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Eagle Materials in the 3rd quarter valued at approximately $34,000. MAI Capital Management grew its holdings in shares of Eagle Materials by 3,060.0% during the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Eagle Materials by 102.4% during the 2nd 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 during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on EXP. Truist Financial reissued a “hold” rating and issued a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Stephens reiterated an “equal weight” rating and set a $245.00 price target on shares of Eagle Materials in a report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Finally, Wells Fargo & Company cut their price objective on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $228.36.

Eagle Materials Stock Down 2.2%

NYSE:EXP opened at $173.12 on Friday. Eagle Materials Inc has a one year low of $171.99 and a one year high of $243.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. The company has a market cap of $5.44 billion, a PE ratio of 13.11 and a beta of 1.35. The firm’s 50 day simple moving average is $216.99 and its 200 day simple moving average is $220.80.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). The business had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $3.59 earnings per share. On average, research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, March 16th. Eagle Materials’s dividend payout ratio is presently 7.57%.

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.