Eagle Materials Inc $EXP Stock Position Increased by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC boosted its stake in Eagle Materials by 1,421.5% in Q4 to 29,395 shares (worth $6.075M), now owning about 0.09% of the company.
• Wall Street consensus is a Hold rating (average price target $228.36) with two Buys, ten Holds and one Sell, and several recent price-target cuts (e.g., Truist to $210, Citi to $224).
• Eagle Materials missed Q4 estimates (EPS $3.22 vs. $3.32) with revenue down 0.4% YoY; the company has a $5.96B market cap, P/E of 14.36, and announced a $0.25 quarterly dividend (annual $1.00, yield 0.5%, ex-dividend Mar 16).

SG Americas Securities LLC boosted its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 1,421.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,395 shares of the construction company's stock after buying an additional 27,463 shares during the quarter. SG Americas Securities LLC owned 0.09% of Eagle Materials worth $6,075,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth boosted its position in shares of Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company's stock valued at $448,000 after purchasing an additional 357 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Eagle Materials by 38.7% in the 2nd quarter. Prudential Financial Inc. now owns 3,252 shares of the construction company's stock worth $657,000 after purchasing an additional 907 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Eagle Materials by 10.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,986 shares of the construction company's stock worth $401,000 after purchasing an additional 185 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Eagle Materials by 4.6% during the second quarter. Russell Investments Group Ltd. now owns 23,117 shares of the construction company's stock valued at $4,672,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Choreo LLC lifted its stake in Eagle Materials by 46.3% during the second quarter. Choreo LLC now owns 1,693 shares of the construction company's stock valued at $342,000 after purchasing an additional 536 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EXP shares. Truist Financial restated a "hold" rating and issued a $210.00 price target (down from $280.00) on shares of Eagle Materials in a research report on Friday, December 19th. Citigroup cut their price objective on Eagle Materials from $232.00 to $224.00 and set a "neutral" rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Eagle Materials in a research note on Monday, December 29th. Zacks Research upgraded Eagle Materials from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Finally, Royal Bank Of Canada set a $208.00 target price on Eagle Materials in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Eagle Materials currently has an average rating of "Hold" and a consensus price target of $228.36.

Eagle Materials Stock Up 4.5%

EXP stock opened at $189.70 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. The firm has a market capitalization of $5.96 billion, a P/E ratio of 14.36 and a beta of 1.35. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $243.64. The company's 50 day simple moving average is $210.17 and its 200-day simple moving average is $218.26.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same period in the prior year, the business posted $3.59 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials's dividend payout ratio is presently 7.57%.

Eagle Materials Profile

Eagle Materials Inc NYSE: EXP is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

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