Nitor Capital Management LLC Invests $4.50 Million in Eagle Materials Inc $EXP

Nitor Capital Management LLC acquired a new stake in shares of Eagle Materials Inc (NYSE:EXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,985 shares of the construction company’s stock, valued at approximately $4,497,000. Eagle Materials comprises about 3.0% of Nitor Capital Management LLC’s portfolio, making the stock its 10th largest position. Nitor Capital Management LLC owned 0.07% of Eagle Materials as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Foyston Gordon & Payne Inc acquired a new stake in Eagle Materials in the 2nd quarter worth approximately $815,000. Commerce Bank acquired a new position in Eagle Materials during the second quarter valued at approximately $515,000. Northwestern Mutual Wealth Management Co. acquired a new position in Eagle Materials during the second quarter valued at approximately $117,000. Quantbot Technologies LP acquired a new position in Eagle Materials during the second quarter valued at approximately $862,000. Finally, W1M Asset Management Ltd bought a new position in shares of Eagle Materials in the second quarter valued at approximately $155,199,000. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on EXP shares. Citigroup decreased their price objective on shares of Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Royal Bank Of Canada boosted their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 20th. Jefferies Financial Group reissued a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company lowered their price target on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and a consensus price target of $222.56.

Eagle Materials Stock Up 0.1%

EXP opened at $207.15 on Monday. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $245.53. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 16.38 and a beta of 1.39. The business has a 50 day moving average of $213.74 and a 200-day moving average of $209.15.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The company had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $3.76 EPS. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 14th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.91%.

Eagle Materials Company 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.