Marshall Financial Group LLC Invests $788,000 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 acquired a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,717 shares of the construction company's stock, valued at approximately $788,000.

Several other large investors have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew 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 purchasing an additional 23,815 shares during the period. Millennium Management LLC boosted its position in Eagle Materials by 18.9% in the 4th quarter. Millennium Management LLC now owns 5,163 shares of the construction company's stock valued at $1,274,000 after buying an additional 821 shares during the last quarter. Quantinno Capital Management LP boosted its position in Eagle Materials by 126.9% in the 4th quarter. Quantinno Capital Management LP now owns 1,813 shares of the construction company's stock valued at $448,000 after buying an additional 1,014 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Eagle Materials by 7.0% in the 4th quarter. ProShare Advisors LLC now owns 1,569 shares of the construction company's stock worth $387,000 after purchasing an additional 103 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Eagle Materials by 4.6% in the 4th quarter. Tidal Investments LLC now owns 3,267 shares of the construction company's stock worth $806,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Loop Capital raised their price target on Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Citigroup dropped their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Eagle Materials has an average rating of "Hold" and a consensus target price of $254.78.

Eagle Materials Stock Down 1.3%

Shares of NYSE:EXP traded down $2.90 during midday trading on Monday, reaching $228.33. The company had a trading volume of 401,319 shares, compared to its average volume of 345,996. The business's 50 day moving average price is $228.15 and its 200 day moving average price is $220.26. The stock has a market cap of $7.41 billion, a PE ratio of 16.81 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 1-year low of $191.91 and a 1-year high of $321.93.

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

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be given 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 payout ratio is 7.36%.

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.