CIBC Private Wealth Group LLC Purchases 335 Shares of Eagle Materials Inc. (NYSE:EXP)

CIBC Private Wealth Group LLC boosted its stake in shares of Eagle Materials Inc. (NYSE:EXPFree Report) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,965 shares of the construction company’s stock after purchasing an additional 335 shares during the period. CIBC Private Wealth Group LLC’s holdings in Eagle Materials were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXP. Global Wealth Management Investment Advisory Inc. bought a new position in Eagle Materials during the fourth quarter valued at approximately $30,000. Planned Solutions Inc. purchased a new stake in shares of Eagle Materials in the fourth quarter worth $35,000. Headlands Technologies LLC purchased a new stake in shares of Eagle Materials in the third quarter worth $53,000. Covestor Ltd increased its stake in shares of Eagle Materials by 112.6% in the third quarter. Covestor Ltd now owns 321 shares of the construction company’s stock worth $54,000 after purchasing an additional 170 shares in the last quarter. Finally, Evermay Wealth Management LLC purchased a new stake in shares of Eagle Materials in the fourth quarter worth $61,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of 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 lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Citigroup dropped their target price on shares of Eagle Materials from $311.00 to $297.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. JPMorgan Chase & Co. increased their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Finally, Raymond James increased their price objective on shares of Eagle Materials from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $279.67.

View Our Latest Stock Report on EXP

Eagle Materials Price Performance

Eagle Materials stock opened at $225.56 on Tuesday. The firm has a 50-day moving average price of $250.23 and a 200-day moving average price of $233.41. The firm has a market capitalization of $7.65 billion, a PE ratio of 16.56 and a beta of 1.33. The company has a current ratio of 2.62, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. Eagle Materials Inc. has a 12-month low of $145.03 and a 12-month high of $276.61.

Eagle Materials (NYSE:EXPGet Free Report) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.48). The company had revenue of $476.70 million during the quarter, compared to analysts’ expectations of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.79 EPS. As a group, equities research analysts forecast that Eagle Materials Inc. will post 16.15 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, June 17th. Eagle Materials’s dividend payout ratio is presently 7.34%.

Eagle Materials Profile

(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

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

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