Bastion Asset Management Inc. Has $3.77 Million Stake in Eagle Materials Inc $EXP

Bastion Asset Management Inc. grew its position in Eagle Materials Inc (NYSE:EXP) by 23.0% during the first quarter, HoldingsChannel.com reports. The firm owned 20,116 shares of the construction company’s stock after buying an additional 3,766 shares during the quarter. Bastion Asset Management Inc.’s holdings in Eagle Materials were worth $3,770,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in Eagle Materials by 5,116.3% in the 1st quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock valued at $4,852,000 after acquiring an additional 25,121 shares in the last quarter. American Trust boosted its position in Eagle Materials by 15.2% during the 1st quarter. American Trust now owns 1,625 shares of the construction company’s stock worth $308,000 after acquiring an additional 214 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of Eagle Materials by 9.5% during the 1st quarter. Hodges Capital Management Inc. now owns 149,005 shares of the construction company’s stock worth $28,229,000 after acquiring an additional 12,895 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Eagle Materials by 3.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 42,345 shares of the construction company’s stock worth $7,862,000 after acquiring an additional 1,468 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Eagle Materials by 9.9% in the first quarter. Whittier Trust Co. now owns 83,822 shares of the construction company’s stock valued at $15,562,000 after purchasing an additional 7,585 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Up 3.5%

NYSE EXP opened at $213.78 on Friday. The company has a market cap of $6.61 billion, a PE ratio of 16.29 and a beta of 1.37. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $245.53. The stock has a 50 day moving average of $213.42 and a 200-day moving average of $211.20.

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

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.62%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company reduced their price objective on shares of Eagle Materials from $246.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average target price of $226.00.

About Eagle Materials

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.