Aristides Capital LLC Purchases Shares of 1,807 Eagle Materials Inc $EXP

Key Points

• Aristides Capital LLC has made a significant investment of $401,000 in Eagle Materials Inc, acquiring 1,807 shares during the first quarter.
• Several large institutional investors, including Bridges Investment Management and Teacher Retirement System of Texas, have increased their holdings in Eagle Materials, indicating strong investor interest in the company.
• Research analysts have set a target price for Eagle Materials between $241.00 and $255.00, with the average rating being "Hold" and a consensus price target of $255.33.

Aristides Capital LLC acquired a new position in Eagle Materials Inc (NYSE:EXP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,807 shares of the construction company's stock, valued at approximately $401,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Eagle Materials by 18.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock worth $475,068,000 after purchasing an additional 339,089 shares during the period. Baupost Group LLC MA increased its holdings in Eagle Materials by 42.5% during the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock worth $201,875,000 after buying an additional 271,410 shares during the last quarter. American Century Companies Inc. raised its position in Eagle Materials by 193.4% in the first quarter. American Century Companies Inc. now owns 288,123 shares of the construction company's stock worth $63,944,000 after acquiring an additional 189,909 shares during the period. GAMMA Investing LLC raised its position in Eagle Materials by 26,787.7% in the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock worth $40,338,000 after acquiring an additional 181,085 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Eagle Materials by 111.1% in the first quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock valued at $73,477,000 after acquiring an additional 174,241 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EXP shares. Wall Street Zen upgraded shares of Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Loop Capital boosted their target price on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, 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. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $254.78.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded down $4.91 during trading hours on Thursday, reaching $230.62. The company had a trading volume of 250,997 shares, compared to its average volume of 330,333. The firm has a market cap of $7.48 billion, a PE ratio of 16.98 and a beta of 1.24. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. 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 business has a fifty day simple moving average of $220.87 and a 200 day simple moving average of $220.53.

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

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be given 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 dividend payout ratio (DPR) is 7.36%.

Eagle Materials Company 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.