William Blair Investment Management LLC grew its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 57.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 611,745 shares of the construction company's stock after buying an additional 222,537 shares during the period. William Blair Investment Management LLC owned 1.87% of Eagle Materials worth $123,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in EXP. SVB Wealth LLC purchased a new stake in Eagle Materials during the first quarter worth approximately $41,000. Private Trust Co. NA increased its stake in 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 Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock worth $87,000 after purchasing an additional 326 shares in the last quarter. Signaturefd LLC lifted its position in shares of Eagle Materials by 39.1% during the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after buying an additional 131 shares during the last quarter. Finally, Transce3nd LLC lifted its position in shares of Eagle Materials by 9.7% during the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company's stock worth $122,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on EXP shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eagle Materials in a research report on Wednesday, October 8th. Wells Fargo & Company raised Eagle Materials to a "strong-buy" rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $220.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Loop Capital boosted their target price on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has an average rating of "Hold" and an average target price of $255.40.
Read Our Latest Stock Analysis on Eagle Materials
Eagle Materials Stock Down 0.5%
Eagle Materials stock opened at $237.28 on Friday. The stock has a 50 day moving average of $232.98 and a two-hundred day moving average of $222.14. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 17.47 and a beta of 1.31. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87.
Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $611.52 million. As a group, research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.
Eagle Materials Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were issued 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 was Monday, September 15th. Eagle Materials's dividend payout ratio is 7.36%.
Eagle Materials Profile
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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

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