Foyston Gordon & Payne Inc Makes New Investment in Eagle Materials Inc (NYSE:EXP)

Key Points

• Foyston Gordon & Payne Inc has acquired a new stake in Eagle Materials Inc, purchasing 1,186 shares valued at approximately $263,000 as reported in its latest 13F filing.
• Eagle Materials recently declared a $0.25 quarterly dividend to be paid on October 16th, with a yearly yield of 0.4% and a dividend payout ratio of 7.36%.
• The company reported a net margin of 19.81% and surpassed earnings expectations with $3.76 earnings per share for the last quarter, exceeding the consensus estimate by $0.03.

Foyston Gordon & Payne Inc purchased a new stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,186 shares of the construction company's stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC grew its position 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 during the last quarter. Private Trust Co. NA lifted its stake in shares of Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after buying an additional 326 shares during the last quarter. LGT Financial Advisors LLC increased its position in shares of Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after acquiring an additional 310 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Eagle Materials by 39.1% in the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after acquiring an additional 131 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $233.70 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.58 billion, a PE ratio of 17.21 and a beta of 1.24. The firm's 50 day moving average price is $214.62 and its 200-day moving average price is $221.73. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The business had revenue of $634.69 million for the quarter, compared to analysts' expectations of $611.52 million. Equities research analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be given a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials's dividend payout ratio is presently 7.36%.

Analyst Ratings Changes

EXP has been the topic of several recent analyst reports. DA Davidson cut their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup reduced their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Loop Capital upped their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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.

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