Perbak Capital Partners LLP Takes $288,000 Position in Eagle Materials Inc $EXP

Key Points

• Perbak Capital Partners LLP acquired 1,297 shares of Eagle Materials Inc, valued at approximately $288,000, as reported in their latest 13F filing.
• JPMorgan Chase & Co. has raised its price target for Eagle Materials from $220.00 to $245.00, maintaining a "neutral" rating on the stock.
• Eagle Materials Inc announced a quarterly dividend of $0.25 per share, scheduled to be paid on October 16th, with an annualized yield of 0.4%.

Perbak Capital Partners LLP acquired a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,297 shares of the construction company's stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also modified their holdings of EXP. Hsbc Holdings PLC boosted its holdings in shares of Eagle Materials by 6.0% in the 4th quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after acquiring an additional 55 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Eagle Materials by 8.9% in the 4th quarter. Northern Trust Corp now owns 286,766 shares of the construction company's stock worth $70,762,000 after acquiring an additional 23,355 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Eagle Materials in the 4th quarter worth approximately $619,000. Baird Financial Group Inc. boosted its holdings in shares of Eagle Materials by 14.8% in the 4th quarter. Baird Financial Group Inc. now owns 1,282 shares of the construction company's stock worth $316,000 after acquiring an additional 165 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Eagle Materials in the 4th quarter worth approximately $511,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EXP shares. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a report on Wednesday, May 21st. Stephens set a $255.00 price objective on Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $254.78.

Eagle Materials Trading Up 4.2%

Shares of EXP stock traded up $9.88 during trading hours on Friday, reaching $242.50. The company had a trading volume of 667,356 shares, compared to its average volume of 275,086. The company has a 50 day moving average of $224.32 and a 200 day moving average of $219.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 17.86 and a beta of 1.28. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating 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 business had revenue of $634.69 million during the quarter, compared to analysts' expectations of $611.52 million. On average, equities research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio is 7.36%.

Eagle Materials 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.