Marshall Financial Group LLC Acquires New Shares in Eagle Materials Inc $EXP

Key Points

• Marshall Financial Group LLC has acquired a new position in Eagle Materials Inc worth approximately $788,000, purchasing 3,717 shares in the 2nd quarter.
• Eagle Materials reported $3.76 earnings per share (EPS) for its recent quarter, exceeding analysts' expectations, with revenue of $634.69 million.
• The company has declared a quarterly dividend of $0.25, to be paid on October 16th, representing a 0.4% annual yield.

Marshall Financial Group LLC bought a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,717 shares of the construction company's stock, valued at approximately $788,000.

Other institutional investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its stake in shares of Eagle Materials by 106.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,479 shares of the construction company's stock valued at $365,000 after acquiring an additional 23,815 shares during the period. Millennium Management LLC lifted its stake in shares of Eagle Materials by 18.9% in the fourth quarter. Millennium Management LLC now owns 5,163 shares of the construction company's stock valued at $1,274,000 after purchasing an additional 821 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Eagle Materials by 126.9% in the fourth quarter. Quantinno Capital Management LP now owns 1,813 shares of the construction company's stock valued at $448,000 after purchasing an additional 1,014 shares during the period. ProShare Advisors LLC raised its position in Eagle Materials by 7.0% during the fourth quarter. ProShare Advisors LLC now owns 1,569 shares of the construction company's stock worth $387,000 after acquiring an additional 103 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Eagle Materials by 4.6% during the fourth quarter. Tidal Investments LLC now owns 3,267 shares of the construction company's stock worth $806,000 after buying an additional 144 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 2.2%

Shares of Eagle Materials stock traded down $5.18 during trading on Friday, hitting $231.05. The company's stock had a trading volume of 793,971 shares, compared to its average volume of 327,843. 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 has a fifty day simple moving average of $228.00 and a two-hundred day simple moving average of $220.16. The company has a market capitalization of $7.50 billion, a PE ratio of 17.01 and a beta of 1.28. 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 data on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm had revenue of $634.69 million for the quarter, compared to analysts' expectations of $611.52 million. Equities research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is presently 7.36%.

Analyst Ratings Changes

EXP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. Citigroup reduced their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Loop Capital boosted their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $254.78.

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.