United Services Automobile Association Buys New Holdings in Eagle Materials Inc $EXP

Key Points

• United Services Automobile Association acquired a new position in Eagle Materials Inc, purchasing 2,175 shares valued at approximately $481,000 in the first quarter.
• Eagle Materials recently reported quarterly earnings of $3.76 per share, surpassing analysts' estimates and achieving a revenue of $634.69 million.
• The company declared a quarterly dividend of $0.25 per share to be paid on October 16, reflecting an annualized yield of 0.4%.

United Services Automobile Association purchased a new position in Eagle Materials Inc (NYSE:EXP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,175 shares of the construction company's stock, valued at approximately $481,000.

Other large investors have also recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new stake in Eagle Materials in the 1st quarter worth about $492,000. First Dallas Securities Inc. grew its stake in shares of Eagle Materials by 1.7% during the 1st quarter. First Dallas Securities Inc. now owns 15,451 shares of the construction company's stock valued at $3,429,000 after purchasing an additional 251 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in shares of Eagle Materials by 36.1% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 2,852 shares of the construction company's stock valued at $634,000 after purchasing an additional 756 shares during the period. Hodges Capital Management Inc. grew its stake in shares of Eagle Materials by 2.3% during the 1st quarter. Hodges Capital Management Inc. now owns 185,065 shares of the construction company's stock valued at $41,071,000 after acquiring an additional 4,245 shares during the period. Finally, Financial Strategies Group Inc. grew its stake in shares of Eagle Materials by 37.4% during the 1st quarter. Financial Strategies Group Inc. now owns 1,800 shares of the construction company's stock valued at $403,000 after acquiring an additional 490 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Trading Down 1.4%

Shares of EXP stock traded down $3.20 on Tuesday, hitting $231.58. The stock had a trading volume of 32,356 shares, compared to its average volume of 390,758. The company's 50 day moving average price is $227.07 and its 200-day moving average price is $219.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The firm has a market capitalization of $7.51 billion, a P/E ratio of 17.08 and a beta of 1.28.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data 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 return on equity of 31.21% and a net margin of 19.81%.The business had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. Analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Loop Capital boosted their price objective on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Citigroup reduced their target price 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. Stephens set a $255.00 price target on Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. Finally, DA Davidson lowered their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $254.78.

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.