Balefire LLC Acquires New Holdings in Eagle Materials Inc (NYSE:EXP)

Balefire LLC purchased a new stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,658 shares of the construction company's stock, valued at approximately $368,000.

Several other hedge funds have also modified their holdings of EXP. Sprott Inc. boosted its stake in Eagle Materials by 3.0% in the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock valued at $418,000 after acquiring an additional 50 shares during the last quarter. Parallel Advisors LLC boosted 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 acquiring an additional 52 shares during the last quarter. Hsbc Holdings PLC boosted 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 acquiring an additional 55 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after acquiring an additional 56 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Up 0.7%

Shares of Eagle Materials stock traded up $1.39 during trading hours on Friday, reaching $204.38. The company's stock had a trading volume of 1,027,988 shares, compared to its average volume of 350,649. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The company has a market capitalization of $6.67 billion, a P/E ratio of 14.85 and a beta of 1.28. The stock's fifty day simple moving average is $213.93 and its two-hundred day simple moving average is $229.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The firm had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. During the same quarter in the prior year, the company earned $2.24 EPS. The business's revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup reduced their price objective on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. DA Davidson reduced their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Stephens set a $255.00 price target on shares of Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $254.44.

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.