Eagle Materials Inc $EXP Stock Position Lifted by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP has increased its stake in Eagle Materials Inc by 107%, now owning 21,233 shares valued at approximately $4.71 million.
• A number of institutional investors have also made moves in Eagle Materials, with hedge funds collectively owning 96.07% of the company’s stock.
• Eagle Materials recently announced a quarterly dividend of $0.25 per share, scheduled for payment on October 16th, representing an annualized yield of 0.4%.

Advantage Alpha Capital Partners LP boosted its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 107.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,233 shares of the construction company's stock after purchasing an additional 10,976 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.06% of Eagle Materials worth $4,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXP. Transce3nd LLC lifted its stake in Eagle Materials by 9.7% in the first quarter. Transce3nd LLC now owns 552 shares of the construction company's stock valued at $122,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC lifted its stake in Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Eagle Materials by 6.0% in the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock valued at $240,000 after buying an additional 55 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Eagle Materials by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock valued at $3,868,000 after buying an additional 75 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in Eagle Materials by 3.8% in the first quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock valued at $468,000 after buying an additional 77 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXP. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Citigroup cut their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Loop Capital increased their price objective on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Eagle Materials has an average rating of "Hold" and an average price target of $254.78.

Eagle Materials Trading Down 1.0%

Shares of NYSE EXP traded down $2.42 during midday trading on Wednesday, hitting $234.76. The stock had a trading volume of 82,706 shares, compared to its average volume of 395,475. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 17.30 and a beta of 1.24. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $219.36 and a 200 day moving average price of $220.59.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, topping analysts' consensus estimates of $3.73 by $0.03. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The firm had revenue of $634.69 million during the quarter, compared to analysts' expectations of $611.52 million. On average, analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

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