Dimensional Fund Advisors LP Has $127.88 Million Holdings in Eagle Materials Inc $EXP

Key Points

• Dimensional Fund Advisors LP increased its holdings in Eagle Materials Inc by 10.4%, owning approximately 1.73% of the company valued at $127.9 million as of the latest SEC filing.
• Other institutional investors, including JPMorgan Chase & Co. and Principal Financial Group Inc., also significantly raised their stakes, reflecting strong interest in the stock.
• Eagle Materials reported better-than-expected quarterly earnings, with an EPS of $3.76, beating estimates by $0.03, and revenue of $634.69 million, surpassing expectations.

Dimensional Fund Advisors LP grew its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 576,249 shares of the construction company's stock after purchasing an additional 54,324 shares during the quarter. Dimensional Fund Advisors LP owned about 1.73% of Eagle Materials worth $127,876,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXP. JPMorgan Chase & Co. increased its stake in Eagle Materials by 18.8% during the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock valued at $475,068,000 after acquiring an additional 339,089 shares during the period. GAMMA Investing LLC increased its stake in Eagle Materials by 26,787.7% during the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock valued at $40,338,000 after acquiring an additional 181,085 shares during the period. Victory Capital Management Inc. increased its stake in Eagle Materials by 111.1% during 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 period. Principal Financial Group Inc. increased its stake in Eagle Materials by 165.0% during the first quarter. Principal Financial Group Inc. now owns 206,019 shares of the construction company's stock valued at $45,722,000 after acquiring an additional 128,271 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new position in Eagle Materials during the fourth quarter valued at about $28,778,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports 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 target on Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. Loop Capital boosted their price target on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Stephens set a $255.00 price objective on Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of "Hold" and an average target price of $254.78.

Eagle Materials Price Performance

NYSE EXP traded down $1.20 during trading on Wednesday, reaching $235.98. 275,960 shares of the company traded hands, compared to its average volume of 343,020. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The stock's 50 day moving average price is $220.17 and its two-hundred day moving average price is $220.70. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 17.38 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.

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

Eagle Materials Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Eagle Materials's payout ratio is presently 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.