DRW Securities LLC Makes New Investment in Eagle Materials Inc $EXP

Key Points

• DRW Securities LLC has invested approximately $356,000 in Eagle Materials Inc by purchasing 1,605 shares this first quarter.
• Eagle Materials reported earnings of $3.76 per share for the last quarter, surpassing analysts' expectations of $3.73.
• The company has declared a quarterly dividend of $0.25, with an upcoming payment date of October 16th.

DRW Securities LLC purchased a new stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,605 shares of the construction company's stock, valued at approximately $356,000.

Several other large investors have also recently modified their holdings of EXP. Transce3nd LLC raised its stake in Eagle Materials by 9.7% during the first quarter. Transce3nd LLC now owns 552 shares of the construction company's stock worth $122,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC raised its stake in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after buying an additional 52 shares during the last quarter. Hsbc Holdings PLC raised its stake in Eagle Materials by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after buying an additional 55 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Eagle Materials by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock worth $3,868,000 after buying an additional 75 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in Eagle Materials by 3.8% in the first quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock worth $468,000 after purchasing an additional 77 shares during the period. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on EXP. Wall Street Zen upgraded shares of Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Loop Capital raised their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, DA Davidson reduced their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of "Hold" and an average price target of $254.78.

Eagle Materials Stock Up 4.2%

Shares of NYSE EXP traded up $9.88 during mid-day trading on Friday, reaching $242.50. 667,356 shares of the company's stock traded hands, compared to its average volume of 275,086. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The stock has a market cap of $7.87 billion, a P/E ratio of 17.86 and a beta of 1.28. The business has a 50-day simple moving average of $224.32 and a 200 day simple moving average of $219.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26.

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

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 0.4%. Eagle Materials's payout ratio is currently 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.