Meixler Investment Management Ltd. Purchases 4,195 Shares of Eagle Materials Inc $EXP

Meixler Investment Management Ltd. raised its position in shares of Eagle Materials Inc (NYSE:EXP) by 30.6% in the second quarter, Holdings Channel.com reports. The fund owned 17,923 shares of the construction company’s stock after buying an additional 4,195 shares during the quarter. Eagle Materials comprises approximately 2.5% of Meixler Investment Management Ltd.’s holdings, making the stock its 9th largest position. Meixler Investment Management Ltd.’s holdings in Eagle Materials were worth $3,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of EXP. Hantz Financial Services Inc. lifted its stake in shares of Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. SVB Wealth LLC purchased a new position in Eagle Materials in the first quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd lifted its position in Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Private Trust Co. NA lifted its position in Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock valued at $63,000 after buying an additional 80 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock worth $87,000 after buying an additional 326 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

EXP opened at $212.40 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The company has a 50-day moving average of $232.61 and a 200-day moving average of $222.85. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The company has a market capitalization of $6.89 billion, a P/E ratio of 15.64 and a beta of 1.31.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The firm had revenue of $638.91 million during the quarter, compared to analyst estimates of $635.55 million. During the same quarter in the previous year, the business posted $4.31 EPS. Eagle Materials’s revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, September 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 15th. Eagle Materials’s dividend payout ratio is currently 7.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EXP. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Wells Fargo & Company cut their price objective on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research report on Friday. Stifel Nicolaus set a $246.00 target price on Eagle Materials in a research report on Monday, October 27th. JPMorgan Chase & Co. raised their target price on Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Finally, Zacks Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Eagle Materials has an average rating of “Hold” and an average price target of $253.20.

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.