Oppenheimer Asset Management Inc. Buys 10,980 Shares of Eagle Materials Inc $EXP

Key Points

• Oppenheimer Asset Management boosted its stake in Eagle Materials by 82.5%, buying 10,980 shares to hold 24,295 shares worth about $5.02 million (≈0.08% of the company).
• Institutional investors own about 96.07% of EXP, and Wall Street consensus is a Hold with an average target price of $228.82 (two Buys, ten Holds, one Sell; price targets roughly $208–$246).
• Eagle reported Q4 EPS of $3.22, missing estimates by $0.10 with revenue down 0.4% year‑over‑year, and pays a $0.25 quarterly dividend (annualized $1.00, yield ~0.5%).

Oppenheimer Asset Management Inc. increased its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 82.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,295 shares of the construction company's stock after purchasing an additional 10,980 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.08% of Eagle Materials worth $5,021,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EXP. Versant Capital Management Inc grew its stake in Eagle Materials by 130.9% in the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company's stock valued at $30,000 after buying an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Eagle Materials in the 3rd quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC purchased a new position in Eagle Materials in the 3rd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its stake in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company's stock valued at $35,000 after buying an additional 87 shares in the last quarter. Finally, Eastern Bank purchased a new position in Eagle Materials in the 3rd quarter valued at approximately $49,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXP has been the subject of a number of recent research reports. Royal Bank Of Canada set a $208.00 price objective on shares of Eagle Materials in a research note on Tuesday, February 24th. Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday, April 18th. Stephens reiterated an "equal weight" rating and issued a $245.00 price objective on shares of Eagle Materials in a research note on Tuesday, January 20th. Wells Fargo & Company lifted their price objective on shares of Eagle Materials from $240.00 to $246.00 and gave the company an "overweight" rating in a research note on Wednesday, April 15th. Finally, Zacks Research upgraded shares of Eagle Materials from a "strong sell" rating to a "hold" rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $228.82.

Eagle Materials Stock Up 0.5%

EXP opened at $211.19 on Friday. The company has a fifty day moving average price of $199.25 and a 200-day moving average price of $213.37. The firm has a market capitalization of $6.64 billion, a P/E ratio of 15.99 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. Eagle Materials Inc has a one year low of $171.99 and a one year high of $243.64.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.32 by ($0.10). The firm had revenue of $555.96 million for the quarter, compared to analysts' expectations of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $3.59 earnings per share. Equities research analysts expect that Eagle Materials Inc will post 12.72 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 16th. Eagle Materials's payout ratio is 7.57%.

Eagle Materials Profile

Eagle Materials Inc NYSE: EXP is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

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