Eagle Materials Inc $EXP Position Boosted by Bridges Investment Management Inc.

Key Points

• Bridges Investment Management Inc. boosted its holdings in Eagle Materials Inc by 15.4%, acquiring a total of 7,980 shares worth approximately $1,613,000 at the end of the second quarter.
• A number of analysts have issued reports on Eagle Materials, with Wells Fargo & Company upgrading the stock to a "strong-buy" rating and Loop Capital raising the price target from $230 to $245.
• Eagle Materials recently announced a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 0.4%.

Bridges Investment Management Inc. increased its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 15.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,980 shares of the construction company's stock after buying an additional 1,062 shares during the quarter. Bridges Investment Management Inc.'s holdings in Eagle Materials were worth $1,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Eagle Materials in the 1st quarter worth approximately $41,000. Private Trust Co. NA grew its holdings in Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares in the last quarter. Assetmark Inc. grew its holdings in Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company's stock worth $87,000 after buying an additional 326 shares in the last quarter. Signaturefd LLC grew its holdings in Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after buying an additional 131 shares in the last quarter. Finally, Transce3nd LLC grew its holdings in Eagle Materials by 9.7% in the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company's stock worth $122,000 after buying an additional 49 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Loop Capital increased 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eagle Materials in a research note on Wednesday, October 8th. Wells Fargo & Company raised Eagle Materials to a "strong-buy" rating in a research note on Wednesday, October 8th. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $255.40.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $238.68 on Friday. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The stock has a fifty day moving average of $232.74 and a 200-day moving average of $222.07. The company has a market capitalization of $7.75 billion, a PE ratio of 17.58 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73.

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, beating 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 company had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. As a group, equities analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, September 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 15th. Eagle Materials's dividend payout ratio 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.

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