Choreo LLC Acquires Shares of 1,157 Eagle Materials Inc (NYSE:EXP)

Choreo LLC acquired a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,157 shares of the construction company's stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parallel Advisors LLC boosted its position in Eagle Materials by 26.8% during 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. Huntington National Bank boosted its position in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares during the last quarter. Private Trust Co. NA boosted its position in Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after acquiring an additional 80 shares during the last quarter. Signaturefd LLC boosted its position in Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock valued at $103,000 after acquiring an additional 131 shares during the last quarter. Finally, LGT Financial Advisors LLC boosted its position in Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after acquiring an additional 310 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Down 1.8%

NYSE EXP traded down $3.96 during trading hours on Friday, hitting $220.33. The company's stock had a trading volume of 484,116 shares, compared to its average volume of 406,633. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The company has a market capitalization of $7.19 billion, a PE ratio of 16.22 and a beta of 1.26. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.93. The company's 50-day simple moving average is $209.71 and its two-hundred day simple moving average is $224.13.

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

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, June 16th were paid a $0.25 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

Analyst Ratings Changes

EXP has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. Loop Capital increased their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research report on Wednesday. Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, DA Davidson cut 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 report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $255.33.

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.