TFO Wealth Partners LLC Increases Stock Position in Eagle Materials Inc. (NYSE:EXP)

TFO Wealth Partners LLC raised its position in shares of Eagle Materials Inc. (NYSE:EXPFree Report) by 56,600.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,134 shares of the construction company’s stock after buying an additional 1,132 shares during the quarter. TFO Wealth Partners LLC’s holdings in Eagle Materials were worth $230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its position in Eagle Materials by 2.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 15,821 shares of the construction company’s stock valued at $3,209,000 after buying an additional 380 shares during the period. Allianz Asset Management GmbH lifted its position in Eagle Materials by 35.9% during the fourth quarter. Allianz Asset Management GmbH now owns 48,191 shares of the construction company’s stock valued at $9,775,000 after buying an additional 12,725 shares during the period. TD Asset Management Inc lifted its position in Eagle Materials by 261.8% during the fourth quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock valued at $176,870,000 after buying an additional 630,964 shares during the period. Evermay Wealth Management LLC purchased a new position in Eagle Materials during the fourth quarter valued at $61,000. Finally, Chesapeake Capital Corp IL purchased a new position in Eagle Materials during the fourth quarter valued at $1,086,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXP shares. Loop Capital lowered their price target on Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Stifel Nicolaus cut their price target on Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group boosted their price objective on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Stephens boosted their price target on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $279.67.

Read Our Latest Stock Report on Eagle Materials

Eagle Materials Stock Down 0.5 %

Shares of EXP opened at $232.39 on Monday. The company has a market cap of $7.88 billion, a PE ratio of 17.06 and a beta of 1.33. The business has a fifty day moving average of $255.47 and a 200 day moving average of $231.30. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week high of $276.61. The company has a quick ratio of 1.06, a current ratio of 2.62 and a debt-to-equity ratio of 0.83.

Eagle Materials (NYSE:EXPGet Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The company had revenue of $476.70 million during the quarter, compared to the consensus estimate of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.79 earnings per share. On average, sell-side analysts expect that Eagle Materials Inc. will post 15.95 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Eagle Materials’s dividend payout ratio is presently 7.34%.

About Eagle Materials

(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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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