Hodges Capital Management Inc. Has $41.07 Million Position in Eagle Materials Inc $EXP

Key Points

• Hodges Capital Management Inc. increased its stake in Eagle Materials Inc. by 2.3%, acquiring an additional 4,245 shares, bringing its total ownership to 185,065 shares valued at approximately $41 million.
• Wall Street analysts have varied opinions on Eagle Materials, with price targets ranging from $241.00 to $255.00, while the stock maintains a consensus rating of "Hold" with an average price target of around $254.78.
• Eagle Materials announced a quarterly dividend of $0.25, marking a $1.00 annual dividend and a yield of 0.4%, with the payment date set for October 16th.

Hodges Capital Management Inc. grew its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 185,065 shares of the construction company's stock after buying an additional 4,245 shares during the quarter. Eagle Materials makes up 2.7% of Hodges Capital Management Inc.'s holdings, making the stock its 3rd biggest holding. Hodges Capital Management Inc. owned approximately 0.56% of Eagle Materials worth $41,071,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Eagle Materials by 18.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock valued at $475,068,000 after acquiring an additional 339,089 shares in the last quarter. Baupost Group LLC MA raised its position in Eagle Materials by 42.5% in the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock valued at $201,875,000 after purchasing an additional 271,410 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Materials by 10.4% during 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 in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Eagle Materials by 111.1% during the first quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock worth $73,477,000 after purchasing an additional 174,241 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Eagle Materials by 193.4% during the first 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 last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Up 1.0%

Shares of Eagle Materials stock traded up $2.38 on Wednesday, hitting $231.10. 305,123 shares of the company's stock traded hands, compared to its average volume of 298,331. The company has a fifty day moving average of $225.42 and a two-hundred day moving average of $219.60. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 16.65 and a beta of 1.28. 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 issued its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share 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 during the quarter, compared to the consensus estimate of $611.52 million. As a group, sell-side analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently announced 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 is Monday, September 15th. Eagle Materials's payout ratio is presently 7.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXP. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup dropped their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, August 26th. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Stephens set a $255.00 target price on Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $254.78.

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.