Guardian Point Capital LP Takes $8.88 Million Position in Eagle Materials Inc $EXP

Key Points

• Guardian Point Capital LP has invested approximately $8.88 million in Eagle Materials Inc., acquiring 40,000 shares, which now represents 5.4% of its portfolio.
• Several institutional investors have increased their stakes in Eagle Materials, with Bridges Investment Management Inc. boosting its stake by 111.4% and Teacher Retirement System of Texas increasing its stake by 234.6% in the first quarter.
• Eagle Materials recently announced a quarterly dividend of $0.25, reflecting a 0.4% dividend yield and a payout ratio of 7.36%.

Guardian Point Capital LP bought a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,000 shares of the construction company's stock, valued at approximately $8,877,000. Eagle Materials accounts for about 5.4% of Guardian Point Capital LP's holdings, making the stock its 6th biggest holding. Guardian Point Capital LP owned 0.12% of Eagle Materials as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Transce3nd LLC raised its stake in Eagle Materials by 9.7% in the first quarter. Transce3nd LLC now owns 552 shares of the construction company's stock valued at $122,000 after buying an additional 49 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares in the last quarter. Hsbc Holdings PLC raised its stake 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 in the last quarter. State of Alaska Department of Revenue raised its stake in Eagle Materials by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock worth $3,868,000 after acquiring an additional 75 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in Eagle Materials by 3.8% in the first quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock valued at $468,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on EXP. JPMorgan Chase & Co. boosted their target price on Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Loop Capital upped their target price on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $254.78.

Eagle Materials Stock Down 2.3%

Eagle Materials stock traded down $5.41 during midday trading on Tuesday, hitting $225.49. 330,886 shares of the stock were exchanged, compared to its average volume of 394,702. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The company has a 50 day moving average price of $222.12 and a two-hundred day moving average price of $219.81. The firm has a market cap of $7.32 billion, a P/E ratio of 16.60 and a beta of 1.28. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93.

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

Eagle Materials Dividend Announcement

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

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.