Leeward Investments LLC MA Boosts Stock Holdings in Eagle Materials Inc $EXP

Leeward Investments LLC MA increased its position in shares of Eagle Materials Inc (NYSE:EXP) by 23.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,235 shares of the construction company’s stock after purchasing an additional 8,358 shares during the period. Leeward Investments LLC MA owned approximately 0.14% of Eagle Materials worth $8,940,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC raised its holdings in Eagle Materials by 9.7% during the first quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock worth $122,000 after purchasing an additional 49 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in Eagle Materials by 2.0% during the second quarter. Sheets Smith Wealth Management now owns 2,750 shares of the construction company’s stock worth $556,000 after purchasing an additional 54 shares in the last quarter. Blue Trust Inc. raised its holdings in Eagle Materials by 5.2% during the second quarter. Blue Trust Inc. now owns 1,146 shares of the construction company’s stock worth $232,000 after purchasing an additional 57 shares in the last quarter. Fulton Bank N.A. raised its holdings in Eagle Materials by 6.1% during the second quarter. Fulton Bank N.A. now owns 1,084 shares of the construction company’s stock worth $219,000 after purchasing an additional 62 shares in the last quarter. Finally, Tectonic Advisors LLC increased its holdings in Eagle Materials by 0.6% in the second quarter. Tectonic Advisors LLC now owns 9,652 shares of the construction company’s stock valued at $1,951,000 after buying an additional 62 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EXP shares. Wells Fargo & Company raised shares of Eagle Materials to a “strong-buy” rating in a report on Wednesday, October 8th. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday. Loop Capital increased their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $255.40.

Eagle Materials Stock Down 0.4%

Shares of NYSE EXP opened at $232.98 on Friday. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The firm’s 50 day moving average price is $233.24 and its 200 day moving average price is $222.80. The firm has a market cap of $7.56 billion, a P/E ratio of 17.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.36%.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.