AE Wealth Management LLC Invests $382,000 in Eagle Materials Inc (NYSE:EXP)

AE Wealth Management LLC bought a new position in Eagle Materials Inc (NYSE:EXP) in the first quarter, HoldingsChannel.com reports. The fund bought 1,722 shares of the construction company’s stock, valued at approximately $382,000.

A number of other hedge funds have also modified their holdings of EXP. Parallel Advisors LLC raised its holdings in shares of 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 raised 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 in the last quarter. Private Trust Co. NA increased its holdings in 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 in the last quarter. Signaturefd LLC increased its holdings in 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 in the last quarter. Finally, LGT Financial Advisors LLC increased its holdings in Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after purchasing an additional 310 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Up 0.3%

NYSE:EXP opened at $228.25 on Thursday. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.45 billion, a P/E ratio of 16.81 and a beta of 1.26. The stock’s fifty day simple moving average is $209.50 and its 200-day simple moving average is $224.23.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (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 for the quarter, compared to analyst estimates of $611.52 million. Equities research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Monday, June 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio is currently 7.27%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial dropped their price target on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Citigroup dropped their price target on Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. DA Davidson dropped their price target on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Loop Capital raised their price target on Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a “buy” rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $255.33.

About Eagle Materials

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.