Banco Bilbao Vizcaya Argentaria S.A. Increases Holdings in Eagle Materials Inc $EXP

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Eagle Materials Inc by 25.5% during the 1st quarter, owning approximately $5.17 million worth of shares.
• Several institutional investors, including Parallel Advisors LLC and Assetmark Inc, significantly boosted their positions in Eagle Materials during the same quarter, indicating strong institutional interest in the company.
• Eagle Materials recently declared a $0.25 quarterly dividend, with a yield of 0.4% and a payout ratio of 7.36%.

Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,271 shares of the construction company's stock after purchasing an additional 4,735 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.07% of Eagle Materials worth $5,170,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings 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 purchasing an additional 52 shares in the last quarter. Private Trust Co. NA increased its holdings in Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after buying an additional 80 shares in the last quarter. Assetmark Inc. increased its holdings in Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after buying an additional 326 shares in the last quarter. Signaturefd LLC increased its holdings in Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock valued at $103,000 after buying an additional 131 shares in the last quarter. Finally, LGT Financial Advisors LLC increased its holdings in Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after buying an additional 310 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stephens set a $255.00 target price on shares of Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday. Wall Street Zen raised shares of 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 objective on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Finally, DA Davidson dropped their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note 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. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of "Hold" and a consensus price target of $254.78.

Eagle Materials Price Performance

Shares of EXP stock traded up $1.31 during trading hours on Tuesday, reaching $238.05. The company had a trading volume of 34,099 shares, compared to its average volume of 396,152. 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 has a fifty day moving average of $218.48 and a 200-day moving average of $220.48. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 17.52 and a beta of 1.24. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93.

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 analysts' consensus estimates of $3.73 by $0.03. The business had revenue of $634.69 million during 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 analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors 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 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials's dividend payout ratio (DPR) is currently 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.