Sprott Inc. Acquires 2,085 Shares of Eagle Materials Inc $EXP

Key Points

• Sprott Inc. has significantly increased its stake in Eagle Materials Inc, raising its holdings by 123.0% in the first quarter, which now totals 3,780 shares valued at approximately $839,000.
• Eagle Materials recently announced a $0.25 quarterly dividend, set to be paid on October 16, with a yield of 0.4%.
• Wall Street analysts have a consensus rating of "Hold" on Eagle Materials with an average price target of $255.33, after various recent adjustments in price targets.

Sprott Inc. lifted its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 123.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,780 shares of the construction company's stock after buying an additional 2,085 shares during the period. Sprott Inc.'s holdings in Eagle Materials were worth $839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXP. Parallel Advisors LLC increased its stake in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the last quarter. Private Trust Co. NA boosted its stake in Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after acquiring an additional 80 shares in the last quarter. Assetmark Inc. lifted its stake in shares of 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 raised its holdings in shares of 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 purchasing an additional 131 shares during the last quarter. Finally, LGT Financial Advisors LLC increased its holdings in Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after buying an additional 310 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXP has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday. DA Davidson reduced their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. Stephens set a $255.00 price objective on Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, 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. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $254.78.

Eagle Materials Price Performance

Shares of NYSE:EXP traded down $1.33 during midday trading on Wednesday, hitting $235.85. 87,108 shares of the stock were exchanged, compared to its average volume of 395,516. The stock has a market cap of $7.65 billion, a P/E ratio of 17.37 and a beta of 1.24. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The company has a 50 day moving average price of $219.36 and a 200-day moving average price of $220.59.

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

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, September 15th will be paid 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 yield of 0.4%. Eagle Materials's dividend 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.