Eagle Materials Inc $EXP Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Eagle Materials Inc by 33.8%, now holding approximately 0.22% of the company worth around $15.92 million.
• Eagle Materials reported earnings of $3.76 EPS for the last quarter, slightly above analysts' estimates, with revenue of $634.69 million, also surpassing expectations.
• The company announced a quarterly dividend of $0.25 to be paid on October 16th, representing an annual dividend yield of 0.4%.

AQR Capital Management LLC lifted its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 33.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 73,931 shares of the construction company's stock after purchasing an additional 18,673 shares during the quarter. AQR Capital Management LLC owned about 0.22% of Eagle Materials worth $15,923,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in Eagle Materials in the 1st quarter worth approximately $41,000. Parallel Advisors LLC boosted its holdings in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after acquiring an additional 52 shares during the period. Private Trust Co. NA boosted 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 acquiring an additional 80 shares during the period. Assetmark Inc. boosted 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 acquiring an additional 326 shares during the period. Finally, Signaturefd LLC boosted 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 acquiring an additional 131 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EXP shares. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their target price on Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. Loop Capital upped their target price on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Stephens set a $255.00 target price on Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, DA Davidson cut their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Eagle Materials presently has an average rating of "Hold" and an average target price of $254.78.

Eagle Materials Stock Performance

Shares of EXP stock traded up $1.81 on Monday, hitting $235.04. 332,266 shares of the stock traded hands, compared to its average volume of 292,700. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The company has a market capitalization of $7.63 billion, a PE ratio of 17.31 and a beta of 1.28. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The company's fifty day moving average is $227.07 and its 200 day moving average is $219.76.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating 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 return on equity of 31.21% and a net margin of 19.81%. On average, equities research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. Eagle Materials's payout ratio is 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.