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Townsquare Capital LLC Takes $541,000 Position in Eagle Materials Inc $EXP

Eagle Materials logo with Construction background

Key Points

  • Townsquare Capital LLC acquired 2,439 shares of Eagle Materials Inc, valued at approximately $541,000, in the first quarter of 2024.
  • Multiple institutional investors have increased their stakes in Eagle Materials, indicating strong interest in the company, with 96.07% of the stock owned by hedge funds and institutional investors.
  • Eagle Materials recently announced a quarterly dividend of $0.25 per share, representing an annualized yield of 0.4%, with the payment scheduled for October 16th.
  • Want stock alerts on Eagle Materials? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Townsquare Capital LLC acquired a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,439 shares of the construction company's stock, valued at approximately $541,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of 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. Private Trust Co. NA raised its holdings in shares of Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after purchasing an additional 80 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after purchasing an additional 326 shares during the last quarter. LGT Financial Advisors LLC raised its holdings in shares of Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock valued at $109,000 after purchasing an additional 310 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company's stock valued at $103,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Performance

NYSE:EXP traded up $0.4450 on Thursday, reaching $226.6650. 208,149 shares of the company's stock were exchanged, compared to its average volume of 398,816. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 16.69 and a beta of 1.24. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The stock has a fifty day simple moving average of $216.83 and a 200-day simple moving average of $221.21.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. As a group, sell-side analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced 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 is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is currently 7.36%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial lowered their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. DA Davidson reduced their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Loop Capital increased their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Eagle Materials currently has a consensus rating of "Hold" and an average price target of $255.33.

Check Out Our Latest Report on Eagle Materials

About Eagle Materials

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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