Sequoia Financial Advisors LLC Invests $403,000 in Eagle Materials Inc $EXP

Key Points

• Sequoia Financial Advisors LLC has invested approximately $403,000 in Eagle Materials Inc, acquiring nearly 2,000 shares in the 2nd quarter.
• The company reported a net margin of 19.81% and beat analysts' earnings expectations for the previous quarter with an EPS of $3.76.
• Eagle Materials recently declared a $0.25 quarterly dividend, resulting in an annualized dividend yield of 0.4%.

Sequoia Financial Advisors LLC acquired a new position in Eagle Materials Inc (NYSE:EXP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,992 shares of the construction company's stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Transce3nd LLC increased its stake in shares of Eagle Materials by 9.7% in the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company's stock worth $122,000 after purchasing an additional 49 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Eagle Materials by 2.0% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,750 shares of the construction company's stock worth $556,000 after buying an additional 54 shares in the last quarter. Blue Trust Inc. increased its stake in Eagle Materials by 5.2% in the 2nd quarter. Blue Trust Inc. now owns 1,146 shares of the construction company's stock worth $232,000 after buying an additional 57 shares in the last quarter. Fulton Bank N.A. increased its stake in Eagle Materials by 6.1% in the 2nd quarter. Fulton Bank N.A. now owns 1,084 shares of the construction company's stock worth $219,000 after buying an additional 62 shares in the last quarter. Finally, Tectonic Advisors LLC increased its stake in Eagle Materials by 0.6% in the 2nd quarter. Tectonic Advisors LLC now owns 9,652 shares of the construction company's stock worth $1,951,000 after buying an additional 62 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Stock Up 1.3%

Shares of NYSE:EXP opened at $240.76 on Wednesday. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The company has a 50-day moving average price of $233.43 and a 200 day moving average price of $222.27. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 17.73 and a beta of 1.31.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $611.52 million. As a group, equities research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXP. Wells Fargo & Company upgraded Eagle Materials to a "strong-buy" rating in a research note on Wednesday, October 8th. Loop Capital increased 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. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. increased their price target on Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Eagle Materials in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $255.40.

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.

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