Eagle Materials Inc $EXP Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its position in shares of Eagle Materials Inc (NYSE:EXP) by 16.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 136,110 shares of the construction company’s stock after purchasing an additional 19,066 shares during the quarter. Eagle Materials accounts for about 2.4% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Hodges Capital Management Inc.’s holdings in Eagle Materials were worth $28,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in Eagle Materials during the third quarter worth about $30,000. Clearstead Advisors LLC raised its holdings in Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Eagle Materials during the fourth quarter worth about $29,000. IFP Advisors Inc raised its holdings in Eagle Materials by 389.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Eagle Materials during the third quarter worth about $34,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Price Performance

NYSE:EXP opened at $213.60 on Thursday. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $204.42 and its two-hundred day moving average price is $211.44. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 16.28 and a beta of 1.37. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $243.64.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.32. The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 earnings per share. On average, analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio is currently 7.62%.

Wall Street Analyst Weigh In

EXP has been the topic of several analyst reports. Citigroup dropped their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Stephens dropped their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. Royal Bank Of Canada upped their target price on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $224.30.

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.