Natixis Advisors LLC Has $9.55 Million Stake in Eagle Materials Inc (NYSE:EXP)

Key Points

• Natixis Advisors LLC increased its stake in Eagle Materials Inc by 86.6% during the first quarter, acquiring an additional 19,960 shares, bringing its total holdings to 43,011 shares valued at approximately $9.5 million.
• Eagle Materials reported a quarterly EPS of $3.76, surpassing the consensus estimate of $3.73, with revenues reaching $634.69 million, exceeding expectations of $611.52 million.
• The company recently announced a quarterly dividend of $0.25 per share, which translates to an annualized dividend of $1.00 and a yield of 0.4%.

Natixis Advisors LLC lifted its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 86.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,011 shares of the construction company's stock after acquiring an additional 19,960 shares during the period. Natixis Advisors LLC owned 0.13% of Eagle Materials worth $9,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. 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. Parallel Advisors LLC boosted its stake in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Eagle Materials by 6.0% during the 4th quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock valued at $240,000 after purchasing an additional 55 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Eagle Materials by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock worth $3,868,000 after acquiring an additional 75 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Eagle Materials by 3.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock worth $468,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Price Performance

NYSE:EXP traded up $0.59 during mid-day trading on Friday, reaching $224.84. The stock had a trading volume of 112,562 shares, compared to its average volume of 405,029. The stock has a 50-day simple moving average of $210.86 and a two-hundred day simple moving average of $223.10. The stock has a market capitalization of $7.30 billion, a PE ratio of 16.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. 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 announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. On average, equities analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.4%. Eagle Materials's dividend payout ratio (DPR) is 7.36%.

Analysts Set New Price Targets

EXP has been the subject of a number of research analyst reports. Stephens set a $255.00 target price on Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. DA Davidson cut their price objective on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Citigroup cut their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Loop Capital increased their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Eagle Materials currently has an average rating of "Hold" and an average price target of $255.33.

Eagle Materials 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.