13,576 Shares in Eagle Materials Inc $EXP Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners purchased 13,576 Eagle Materials shares worth approximately $3.1 million in the second quarter. Institutional investors and hedge funds now own 96.07% of the company.
• Analyst sentiment is broadly neutral: one analyst rates the stock a Buy and nine rate it a Hold, with a consensus price target of $222.56 versus the reported price of $208.35.
• Eagle Materials reported quarterly revenue of $650.97 million, exceeding estimates, but earnings per share of $3.29 fell short of expectations. The company also declared a quarterly dividend of $0.25 per share, yielding 0.5% annually.

GSA Capital Partners LLP purchased a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,576 shares of the construction company's stock, valued at approximately $3,055,000.

Several other institutional investors have also recently bought and sold shares of the business. Focus Partners Wealth boosted its position in Eagle Materials by 21.5% during the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company's stock worth $448,000 after purchasing an additional 357 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company's stock valued at $35,000 after buying an additional 87 shares in the last quarter. First Trust Advisors LP increased its position in shares of Eagle Materials by 5.8% during the second quarter. First Trust Advisors LP now owns 101,969 shares of the construction company's stock valued at $20,609,000 after buying an additional 5,612 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Eagle Materials by 8.0% in the second quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company's stock worth $276,000 after buying an additional 101 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Eagle Materials by 359.9% in the second quarter. Jump Financial LLC now owns 12,510 shares of the construction company's stock worth $2,528,000 after buying an additional 9,790 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

EXP has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Eagle Materials from $240.00 to $231.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Eagle Materials from an "underweight" rating to a "neutral" rating and set a $225.00 price target for the company in a report on Tuesday, June 2nd. Stephens boosted their price target on shares of Eagle Materials from $225.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Zacks Research cut shares of Eagle Materials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Citigroup dropped their price objective on Eagle Materials from $240.00 to $232.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $222.56.

Eagle Materials Stock Down 0.2%

EXP opened at $208.35 on Friday. The company has a market cap of $6.39 billion, a P/E ratio of 16.47 and a beta of 1.38. The business's 50-day moving average price is $214.68 and its 200-day moving average price is $209.51. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $245.53.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.08). The company had revenue of $650.97 million for the quarter, compared to analysts' expectations of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The company's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.76 earnings per share. On average, equities analysts expect that Eagle Materials Inc will post 12.66 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 14th. Eagle Materials's dividend payout ratio is 7.91%.

Eagle Materials 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.

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