Focus Partners Wealth Purchases Shares of 1,662 Eagle Materials Inc. (NYSE:EXP)

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

A number of other institutional investors also recently added to or reduced their stakes in the stock. Sprott Inc. boosted its position in Eagle Materials by 3.0% in the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock valued at $418,000 after buying an additional 50 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Eagle Materials by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company's stock valued at $268,000 after purchasing an additional 54 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Eagle Materials by 6.0% during the 4th quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after acquiring an additional 55 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after purchasing an additional 56 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Eagle Materials by 7.1% during the fourth quarter. Blue Trust Inc. now owns 920 shares of the construction company's stock worth $227,000 after purchasing an additional 61 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EXP shares. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Wall Street Zen downgraded shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Stephens set a $255.00 price objective on Eagle Materials and gave the company an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials has an average rating of "Hold" and a consensus target price of $260.00.

Eagle Materials Price Performance

NYSE:EXP traded up $1.11 on Monday, hitting $214.77. The company had a trading volume of 316,775 shares, compared to its average volume of 337,780. The stock has a market capitalization of $7.02 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 of $223.66 and a two-hundred day moving average of $245.85. Eagle Materials Inc. has a 52 week low of $201.61 and a 52 week high of $321.93.

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 the consensus estimate of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The company had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same quarter last year, the company posted $2.24 earnings per share. The firm's quarterly revenue was down 1.4% on a year-over-year basis. On average, research analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Eagle Materials's payout ratio is presently 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.