Hsbc Holdings PLC Makes New $4.27 Million Investment in Eagle Materials Inc $EXP

Hsbc Holdings PLC bought a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,023 shares of the construction company's stock, valued at approximately $4,274,000. Hsbc Holdings PLC owned 0.06% of Eagle Materials as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EXP. BlackRock Inc. purchased a new stake in shares of Eagle Materials in the second quarter valued at approximately $688,486,000. Baupost Group LLC MA increased its holdings in Eagle Materials by 26.1% during the 4th quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company's stock worth $244,967,000 after purchasing an additional 245,588 shares during the period. W1M Asset Management Ltd bought a new stake in Eagle Materials during the 2nd quarter valued at $155,199,000. Dimensional Fund Advisors LP lifted its holdings in shares of Eagle Materials by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company's stock worth $118,846,000 after buying an additional 16,782 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in shares of Eagle Materials in the 2nd quarter worth $129,760,000. Institutional investors own 96.07% of the company's stock.

Eagle Materials Trading Up 0.1%

EXP opened at $197.88 on Friday. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 15.64 and a beta of 1.38. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $245.53. The stock has a fifty day moving average price of $211.72 and a 200-day moving average price of $208.40.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). The company had revenue of $650.97 million during the quarter, compared to analysts' expectations of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. Eagle Materials's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.76 EPS. As a group, equities research analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials's payout ratio is presently 7.91%.

Insider Activity

In related news, SVP Tony Thompson sold 3,074 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $203.96, for a total transaction of $626,973.04. Following the completion of the transaction, the senior vice president owned 10,142 shares in the company, valued at $2,068,562.32. The trade was a 23.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on EXP. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Stephens upped their price objective on shares of Eagle Materials from $225.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Wells Fargo & Company dropped their target price on shares of Eagle Materials from $240.00 to $231.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Zacks Research downgraded shares of Eagle Materials from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada boosted their price target on shares of Eagle Materials from $208.00 to $219.00 and gave the company a "sector perform" rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $223.67.

Eagle Materials Profile

Eagle Materials Inc NYSE: EXP is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

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