27,815 Shares in Eagle Materials Inc $EXP Bought by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 27,815 Eagle Materials shares worth approximately $6.26 million, representing 0.09% of the company. Institutional investors collectively own 96.07% of the stock.
• Eagle Materials reported quarterly revenue of $650.97 million, exceeding estimates, but earnings of $3.29 per share missed consensus by $0.08. Revenue increased 2.6% year over year.
• The company declared a quarterly dividend of $0.25, equal to a $1.00 annualized payout and a 0.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $222.56.

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,815 shares of the construction company's stock, valued at approximately $6,258,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.09% of Eagle Materials at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nitor Capital Management LLC purchased a new stake in shares of Eagle Materials in the second quarter valued at approximately $4,497,000. Foyston Gordon & Payne Inc acquired a new position in shares of Eagle Materials during the 2nd quarter worth approximately $815,000. Commerce Bank acquired a new position in shares of Eagle Materials in the second quarter worth $515,000. Northwestern Mutual Wealth Management Co. purchased a new position in Eagle Materials in the 2nd quarter valued at about $117,000. Finally, Quantbot Technologies LP acquired a new stake in Eagle Materials during the second quarter worth approximately $862,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $207.15 on Monday. 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 company's 50-day moving average price is $213.74 and its two-hundred day moving average price is $209.15. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $245.53. The stock has a market cap of $6.35 billion, a PE ratio of 16.38 and a beta of 1.39.

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 analysts' consensus estimates of $3.37 by ($0.08). The business 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 quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.76 earnings per share. As a group, sell-side analysts anticipate that Eagle Materials Inc will post 12.66 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced 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 of this dividend is Monday, September 14th. Eagle Materials's dividend payout ratio is presently 7.91%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup dropped their price target on shares of Eagle Materials from $240.00 to $232.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. Wall Street Zen raised shares of Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. raised Eagle Materials from an "underweight" rating to a "neutral" rating and set a $225.00 target price on the stock in a research report on Tuesday, June 2nd. Zacks Research cut shares of Eagle Materials from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Stephens lifted their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Eagle Materials has a consensus rating of "Hold" and a consensus target price of $222.56.

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.

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