SG Americas Securities LLC Grows Stake in Eagle Materials Inc (NYSE:EXP)

SG Americas Securities LLC lifted its position in Eagle Materials Inc (NYSE:EXP) by 163.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,515 shares of the construction company’s stock after purchasing an additional 940 shares during the quarter. SG Americas Securities LLC’s holdings in Eagle Materials were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXP. Private Trust Co. NA raised its stake in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares in the last quarter. Parallel Advisors LLC grew its stake in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after buying an additional 52 shares in the last quarter. Huntington National Bank increased its holdings in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after buying an additional 144 shares during the last quarter. LGT Financial Advisors LLC increased its holdings in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after buying an additional 310 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Eagle Materials by 19.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company’s stock valued at $111,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen lowered Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Citigroup dropped their target price on Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Stephens set a $255.00 target price on Eagle Materials and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Finally, Loop Capital reduced their price target on shares of Eagle Materials from $245.00 to $237.00 and set a “hold” rating on the stock in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $254.44.

Eagle Materials Trading Down 2.4%

Shares of EXP stock opened at $200.93 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 14.60 and a beta of 1.28. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The firm has a fifty day moving average price of $214.46 and a 200-day moving average price of $230.76.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business had revenue of $470.18 million during the quarter, compared to analysts’ expectations of $483.14 million. During the same quarter in the previous year, the firm earned $2.24 earnings per share. Eagle Materials’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, June 16th. Eagle Materials’s dividend payout ratio is 7.27%.

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.