Vaughan Nelson Investment Management L.P. Purchases 204,060 Shares of Eagle Materials Inc $EXP

Key Points

• Vaughan Nelson Investment Management L.P. significantly increased its stake in Eagle Materials Inc by purchasing 204,060 shares, raising its total holdings by 198.3% during the 2nd quarter.
• Multiple analysts have positive forecasts for Eagle Materials, with JPMorgan Chase and Loop Capital both raising their target prices to $245.00 and maintaining hold ratings.
• Eagle Materials recently declared a quarterly dividend of $0.25, representing an annualized yield of 0.4% and a payout ratio of 7.36%.

Vaughan Nelson Investment Management L.P. lifted its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 198.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,990 shares of the construction company's stock after purchasing an additional 204,060 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.94% of Eagle Materials worth $62,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Eagle Materials during the 1st quarter valued at approximately $41,000. Parallel Advisors LLC grew its holdings in shares of Eagle Materials by 26.8% during the 1st 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 grew its holdings in shares of Eagle Materials by 39.0% during the 1st 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. grew its holdings in shares of Eagle Materials by 486.6% during the 1st 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. Finally, Signaturefd LLC grew its holdings in shares of Eagle Materials by 39.1% during the 1st 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. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EXP shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eagle Materials in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Loop Capital lifted their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Eagle Materials has a consensus rating of "Hold" and a consensus price target of $254.78.

Eagle Materials Stock Up 0.3%

Shares of NYSE EXP opened at $234.51 on Friday. The company has a market capitalization of $7.61 billion, a P/E ratio of 17.27 and a beta of 1.31. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The company's 50 day moving average price is $230.67 and its 200-day moving average price is $221.30.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.03. The firm had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. Equities analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be given a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials's payout ratio is 7.36%.

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.

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