Eagle Materials Inc $EXP Stock Position Increased by Weybosset Research & Management LLC

Key Points

• Weybosset Research & Management LLC increased its stake in Eagle Materials Inc by 12.0% during the 2nd quarter, bringing its total shares to 39,788, valued at approximately $8.04 million.
• Eagle Materials reported an earnings per share (EPS) of $3.76 for the last quarter, exceeding estimates by 3 cents, with revenues of $634.69 million.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.4%, payable on October 16th.

Weybosset Research & Management LLC lifted its stake in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 12.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,788 shares of the construction company's stock after acquiring an additional 4,265 shares during the period. Eagle Materials accounts for approximately 2.8% of Weybosset Research & Management LLC's portfolio, making the stock its 19th biggest holding. Weybosset Research & Management LLC owned 0.12% of Eagle Materials worth $8,042,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EXP. JPMorgan Chase & Co. boosted its stake in Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock worth $475,068,000 after buying an additional 339,089 shares during the last quarter. Baupost Group LLC MA boosted its stake in Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock worth $201,875,000 after buying an additional 271,410 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Eagle Materials by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company's stock worth $127,876,000 after buying an additional 54,324 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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 worth $73,477,000 after buying an additional 174,241 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Eagle Materials by 193.4% in the 1st quarter. American Century Companies Inc. now owns 288,123 shares of the construction company's stock worth $63,944,000 after buying an additional 189,909 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Stock Performance

NYSE:EXP traded up $1.63 during midday trading on Tuesday, reaching $229.74. 114,636 shares of the company traded hands, compared to its average volume of 393,935. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 16.93 and a beta of 1.28. 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 company has a fifty day moving average price of $228.15 and a 200 day moving average price of $220.26.

Eagle Materials (NYSE:EXP - Get Free Report) last announced 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. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The company had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. On average, analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on EXP shares. JPMorgan Chase & Co. raised 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. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Loop Capital raised 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. Finally, Citigroup reduced their price objective 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. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $254.78.

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.