Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Eagle Materials Inc (NYSE:EXP)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH recently acquired a new stake in Eagle Materials Inc, purchasing 28,192 shares valued at approximately $6.26 million during the first quarter.
• Eagle Materials reported $2.08 EPS for the last quarter, falling short of analysts' expectations by ($0.26), with a minor 1.4% decrease in quarterly revenue compared to the previous year.
• The company also declared a quarterly dividend of $0.25 per share, resulting in a 0.44% yield for investors, with a payout ratio of 7.27%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Eagle Materials Inc (NYSE:EXP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,192 shares of the construction company's stock, valued at approximately $6,257,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Eagle Materials as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Eagle Materials during the 4th quarter valued at $93,672,000. GAMMA Investing LLC raised its holdings in shares of Eagle Materials by 26,787.7% in the 1st quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock worth $40,338,000 after acquiring an additional 181,085 shares during the last quarter. Victory Capital Management Inc. lifted its position in Eagle Materials by 111.1% in the 1st quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company's stock valued at $73,477,000 after acquiring an additional 174,241 shares in the last quarter. Raymond James Financial Inc. bought a new position in Eagle Materials in the 4th quarter valued at about $38,115,000. Finally, Baupost Group LLC MA boosted its stake in Eagle Materials by 27.6% during the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after purchasing an additional 137,950 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Performance

EXP traded down $4.56 during midday trading on Monday, reaching $221.67. The company had a trading volume of 861,131 shares, compared to its average volume of 402,557. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93. The business has a 50-day moving average price of $209.50 and a two-hundred day moving average price of $224.27. The stock has a market cap of $7.23 billion, a PE ratio of 16.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.26). The firm had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. Eagle Materials's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company posted $2.24 earnings per share. On average, sell-side analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Monday, June 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, June 16th. Eagle Materials's dividend payout ratio is currently 7.27%.

Analysts Set New Price Targets

Several brokerages have recently commented on EXP. Citigroup lowered their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. DA Davidson cut their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th. Finally, The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Eagle Materials presently has an average rating of "Hold" and a consensus price target of $254.44.

Eagle Materials Company 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.