Eagle Materials Inc (NYSE:EXP) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 173.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,369 shares of the construction company's stock after purchasing an additional 1,503 shares during the period. Foundations Investment Advisors LLC's holdings in Eagle Materials were worth $526,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC grew its holdings in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after acquiring an additional 52 shares during the period. Huntington National Bank grew its holdings 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 period. Private Trust Co. NA grew its holdings 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 during the period. Assetmark Inc. grew its holdings in Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock worth $87,000 after acquiring an additional 326 shares during the period. Finally, Signaturefd LLC grew its holdings in Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Price Performance

Shares of EXP stock traded down $3.96 during trading hours on Friday, hitting $220.33. The company's stock had a trading volume of 484,116 shares, compared to its average volume of 419,977. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 16.22 and a beta of 1.24. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The business has a fifty day moving average of $209.82 and a 200-day moving average of $223.97.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 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 analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. As a group, equities research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Monday, June 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXP. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. Loop Capital upped their target price on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a report on Wednesday. Stephens set a $255.00 target price on Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. Citigroup lowered 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $255.33.

Eagle Materials Company 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.