JLB & Associates Inc. Buys 1,828 Shares of Eagle Materials Inc $EXP

Key Points

• JLB & Associates Inc. increased its stake in Eagle Materials Inc. by 42.8%, acquiring an additional 1,828 shares for a total of 6,100 shares valued at approximately $1.23 million.
• Several hedge funds have adjusted their positions in Eagle Materials, with notable increases, including Assetmark Inc. raising its stake by 486.6% in the first quarter.
• Analysts upgraded Eagle Materials with a consensus rating of "Hold" and a price target range between $220.00 and $254.78, while the company's recent quarterly earnings exceeded estimates.

JLB & Associates Inc. grew its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 42.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,100 shares of the construction company's stock after buying an additional 1,828 shares during the period. JLB & Associates Inc.'s holdings in Eagle Materials were worth $1,233,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in Eagle Materials in the 1st quarter valued at approximately $41,000. Parallel Advisors LLC increased its position in shares of Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after purchasing an additional 52 shares during the period. Private Trust Co. NA increased its position in shares of Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after purchasing an additional 80 shares during the period. Assetmark Inc. raised its stake in shares of Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after purchasing an additional 326 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after purchasing an additional 131 shares during the period. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on EXP. JPMorgan Chase & Co. boosted their price target 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. Wall Street Zen raised shares of Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Loop Capital increased their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $254.78.

Eagle Materials Stock Performance

NYSE EXP opened at $232.94 on Tuesday. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The company has a 50 day moving average of $229.73 and a 200-day moving average of $220.89. 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 firm has a market cap of $7.56 billion, a price-to-earnings ratio of 17.15 and a beta of 1.28.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 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, equities analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm 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%.

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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