Eagle Materials Inc (NYSE:EXP) Stock Holdings Boosted by LPL Financial LLC

LPL Financial LLC raised its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,559 shares of the construction company's stock after acquiring an additional 2,887 shares during the quarter. LPL Financial LLC owned approximately 0.20% of Eagle Materials worth $14,993,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Transce3nd LLC increased its stake in Eagle Materials by 9.7% in the first quarter. Transce3nd LLC now owns 552 shares of the construction company's stock valued at $122,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC increased its stake in Eagle Materials by 26.8% in 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 last quarter. Hsbc Holdings PLC increased its stake in Eagle Materials by 6.0% in the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock valued at $240,000 after purchasing an additional 55 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Eagle Materials by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock valued at $3,868,000 after purchasing an additional 75 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in Eagle Materials by 3.8% during the first quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock worth $468,000 after acquiring an additional 77 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded up $1.04 on Friday, reaching $225.29. 268,416 shares of the company were exchanged, compared to its average volume of 437,720. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The company's 50-day moving average is $211.33 and its two-hundred day moving average is $222.63. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 16.59 and a beta of 1.24. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93.

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

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders 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 of this dividend is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is presently 7.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Loop Capital upped their price target on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Truist Financial decreased their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. DA Davidson decreased their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Stephens set a $255.00 price target on Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Eagle Materials has an average rating of "Hold" and a consensus price target of $255.33.

About Eagle Materials

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.