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

A number of other hedge funds and other institutional investors have also bought and sold shares of EXP. Bank of Montreal Can raised its position in Eagle Materials by 7.1% in the 4th quarter. Bank of Montreal Can now owns 4,779 shares of the construction company's stock valued at $1,179,000 after buying an additional 318 shares during the last quarter. Mariner LLC raised its position in Eagle Materials by 5.0% in the 4th quarter. Mariner LLC now owns 7,333 shares of the construction company's stock valued at $1,810,000 after buying an additional 347 shares during the last quarter. NewEdge Advisors LLC raised its position in Eagle Materials by 53.0% in the 4th quarter. NewEdge Advisors LLC now owns 6,460 shares of the construction company's stock valued at $1,594,000 after buying an additional 2,238 shares during the last quarter. Farringdon Capital Ltd. bought a new position in Eagle Materials in the fourth quarter valued at approximately $328,000. Finally, Canada Pension Plan Investment Board grew its stake in Eagle Materials by 178.6% in the fourth quarter. Canada Pension Plan Investment Board now owns 19,500 shares of the construction company's stock valued at $4,812,000 after purchasing an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EXP shares. 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. Stephens set a $255.00 price target on Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. DA Davidson reduced their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Loop Capital lifted their target price on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Finally, Citigroup reduced their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Eagle Materials has a consensus rating of "Hold" and an average price target of $255.33.

Eagle Materials Stock Performance

EXP traded up $13.3950 during trading on Friday, hitting $240.2250. The stock had a trading volume of 193,636 shares, compared to its average volume of 397,694. The company has a 50 day moving average price of $216.83 and a 200-day moving average price of $221.21. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 17.69 and a beta of 1.24. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. 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 (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.03. The business had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. As a group, research analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

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

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.