Arete Wealth Advisors LLC Purchases Shares of 2,216 Eagle Materials Inc $EXP

Key Points

• Arete Wealth Advisors LLC has invested approximately $492,000 in Eagle Materials Inc, acquiring 2,216 shares of the company's stock during the first quarter.
• Analysts have raised price targets for Eagle Materials, with JPMorgan Chase increasing their target from $220 to $245 and Stifel Nicolaus setting a target of $241, reflecting positive ratings for the stock.
• Eagle Materials recently announced a quarterly dividend of $0.25 per share, with the dividend payment scheduled for October 16th to shareholders of record as of September 15th.

Arete Wealth Advisors LLC acquired a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,216 shares of the construction company's stock, valued at approximately $492,000.

Other hedge funds also recently modified their holdings of the company. SVB Wealth LLC bought a new position in shares of Eagle Materials in the 1st quarter valued at about $41,000. Parallel Advisors LLC increased its stake in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Eagle Materials by 39.0% during the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after purchasing an additional 80 shares during the last quarter. Assetmark Inc. grew its holdings in Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock worth $87,000 after purchasing an additional 326 shares during the period. Finally, Signaturefd LLC grew its holdings in Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after purchasing an additional 131 shares during the period. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EXP shares. DA Davidson reduced their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Loop Capital lifted their price target on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, August 26th. Finally, Citigroup cut their target price on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Eagle Materials has a consensus rating of "Hold" and a consensus price target of $254.78.

Eagle Materials Price Performance

Shares of EXP stock traded down $2.43 on Tuesday, reaching $232.36. The company had a trading volume of 24,857 shares, compared to its average volume of 390,704. The stock has a market capitalization of $7.54 billion, a PE ratio of 17.11 and a beta of 1.28. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The business's 50-day moving average is $227.07 and its 200 day moving average is $219.76.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its 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. The firm had revenue of $634.69 million for the quarter, compared to analysts' expectations of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. Equities research analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors 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 yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is 7.36%.

About Eagle Materials

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.