Russell Investments Group Ltd. grew its holdings in Eagle Materials, Inc. (NYSE:EXP) by 26.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,998 shares of the construction company’s stock after acquiring an additional 3,318 shares during the period. Russell Investments Group Ltd.’s holdings in Eagle Materials were worth $1,679,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Gideon Capital Advisors Inc. bought a new position in shares of Eagle Materials during the second quarter valued at approximately $491,000. Quantitative Systematic Strategies LLC bought a new position in shares of Eagle Materials during the second quarter valued at approximately $859,000. Trexquant Investment LP bought a new position in shares of Eagle Materials during the second quarter valued at approximately $1,557,000. Greenwood Capital Associates LLC grew its stake in shares of Eagle Materials by 15.7% during the second quarter. Greenwood Capital Associates LLC now owns 9,864 shares of the construction company’s stock valued at $1,035,000 after buying an additional 1,339 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Eagle Materials during the second quarter valued at approximately $376,000. Institutional investors and hedge funds own 93.54% of the company’s stock.
Shares of NYSE EXP opened at $85.26 on Thursday. The company has a quick ratio of 1.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.14 billion, a P/E ratio of 16.06, a PEG ratio of 0.93 and a beta of 1.08. Eagle Materials, Inc. has a 52-week low of $85.15 and a 52-week high of $122.49.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Monday, July 30th. The construction company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). The firm had revenue of $393.80 million during the quarter, compared to analysts’ expectations of $402.34 million. Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. analysts anticipate that Eagle Materials, Inc. will post 6.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be issued a $0.10 dividend. The ex-dividend date is Thursday, October 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials’s payout ratio is 9.48%.
A number of research analysts have recently commented on EXP shares. Zacks Investment Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 14th. ValuEngine cut Eagle Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. Northcoast Research set a $128.00 target price on Eagle Materials and gave the company a “buy” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Eagle Materials in a research note on Friday, July 20th. Finally, Citigroup lowered their price target on Eagle Materials from $132.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Eagle Materials presently has a consensus rating of “Hold” and an average target price of $122.71.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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