Jump Financial LLC Takes $604,000 Position in Eagle Materials Inc $EXP

Key Points

• Jump Financial LLC has acquired a new stake in Eagle Materials Inc, purchasing 2,720 shares valued at approximately $604,000 in the first quarter.
• Significant institutional support is evident as hedge funds collectively own 96.07% of Eagle Materials' stock, with several firms, including JPMorgan Chase and Victory Capital Management, increasing their stakes.
• Analysts have mixed views on Eagle Materials, with price targets ranging from $230.00 to $255.00, indicating a largely neutral to positive outlook on the stock.

Jump Financial LLC acquired a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,720 shares of the construction company's stock, valued at approximately $604,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Eagle Materials by 18.8% in the 1st 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 period. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Materials by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company's stock valued at $127,876,000 after buying an additional 54,324 shares during the period. Captrust Financial Advisors boosted its stake in shares of Eagle Materials by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 365,330 shares of the construction company's stock valued at $90,149,000 after buying an additional 15,574 shares during the period. Victory Capital Management Inc. boosted its stake 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. boosted its stake in shares of Eagle Materials by 193.4% in the 1st quarter. American Century Companies Inc. now owns 288,123 shares of the construction company's stock valued at $63,944,000 after buying an additional 189,909 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXP shares. Citigroup decreased their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. DA Davidson cut their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the stock a "hold" rating in a research 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 analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Eagle Materials has an average rating of "Hold" and an average target price of $254.78.

Eagle Materials Trading Up 0.0%

NYSE:EXP opened at $230.56 on Monday. The stock's 50 day moving average price is $221.55 and its 200 day moving average price is $219.97. The company has a market capitalization of $7.48 billion, a PE ratio of 16.98 and a beta of 1.28. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly 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. The firm had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. On average, research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.