Guyasuta Investment Advisors Inc. Buys 89,302 Shares of Eagle Materials Inc $EXP

Key Points

• Guyasuta Investment Advisors Inc. significantly increased its stake in Eagle Materials, acquiring an additional 89,302 shares, which raises its total holdings to 91,847 shares, representing a 3,508.9% boost in the second quarter.
• Eagle Materials reported an earnings per share of $3.76 for the last quarter, exceeding analysts' expectations, with revenue of $634.69 million compared to estimates of $611.52 million.
• The company recently announced a quarterly dividend of $0.25 per share, which will be paid on October 16th, reflecting a dividend yield of 0.4% and a payout ratio of 7.36%.

Guyasuta Investment Advisors Inc. boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 3,508.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,847 shares of the construction company's stock after acquiring an additional 89,302 shares during the quarter. Eagle Materials accounts for 1.1% of Guyasuta Investment Advisors Inc.'s portfolio, making the stock its 27th biggest holding. Guyasuta Investment Advisors Inc. owned about 0.28% of Eagle Materials worth $18,563,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXP. JPMorgan Chase & Co. lifted its position in shares of Eagle Materials by 18.8% during the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock valued at $475,068,000 after buying an additional 339,089 shares during the last quarter. Baupost Group LLC MA lifted its stake in Eagle Materials by 42.5% during the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock valued at $201,875,000 after acquiring an additional 271,410 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Eagle Materials by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company's stock valued at $127,876,000 after purchasing an additional 54,324 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Eagle Materials by 111.1% in the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock valued at $73,477,000 after buying an additional 174,241 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Eagle Materials by 193.4% during the 1st quarter. American Century Companies Inc. now owns 288,123 shares of the construction company's stock worth $63,944,000 after purchasing an additional 189,909 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Stock Up 2.2%

Eagle Materials stock opened at $232.75 on Friday. The stock has a 50 day moving average of $229.33 and a two-hundred day moving average of $220.66. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 17.14 and a beta of 1.28.

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

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials's dividend payout ratio (DPR) is 7.36%.

Wall Street Analysts Forecast Growth

EXP has been the subject of several recent analyst reports. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Loop Capital upped their price objective 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, JPMorgan Chase & Co. increased their price objective on shares of Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Eagle Materials presently has a consensus rating of "Hold" and an average target price of $254.78.

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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