Focus Partners Wealth Takes $415,000 Position in Eagle Materials Inc. (NYSE:EXP)

Focus Partners Wealth bought a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,662 shares of the construction company's stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXP. Private Trust Co. NA increased its stake in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after acquiring an additional 71 shares during the last quarter. Huntington National Bank increased its stake in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after acquiring an additional 144 shares during the last quarter. R Squared Ltd acquired a new stake in Eagle Materials during the fourth quarter worth $81,000. LGT Financial Advisors LLC increased its stake 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 acquiring an additional 310 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in Eagle Materials during the fourth quarter worth $125,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXP. DA Davidson lowered their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday. Loop Capital lowered their price target on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, Wall Street Zen lowered Eagle Materials from a "hold" rating to a "sell" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $260.00.

Eagle Materials Stock Up 0.5%

EXP traded up $1.11 on Friday, hitting $214.77. 316,775 shares of the company were exchanged, compared to its average volume of 337,296. Eagle Materials Inc. has a twelve month low of $201.61 and a twelve month high of $321.93. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 15.34 and a beta of 1.36. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $223.74 and a two-hundred day moving average price of $247.44.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The business had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The firm's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.24 earnings per share. On average, equities analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

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.