Parallel Advisors LLC Has $55,000 Position in Eagle Materials Inc. (NYSE:EXP)

Parallel Advisors LLC increased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 26.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 246 shares of the construction company’s stock after buying an additional 52 shares during the quarter. Parallel Advisors LLC’s holdings in Eagle Materials were worth $55,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA raised its position in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after buying an additional 71 shares during the last quarter. Huntington National Bank raised its position in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after buying an additional 144 shares during the last quarter. LGT Financial Advisors LLC raised its position in Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after buying an additional 310 shares during the last quarter. Transce3nd LLC acquired a new stake in Eagle Materials in the 4th quarter valued at approximately $125,000. Finally, Smartleaf Asset Management LLC raised its position in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock valued at $140,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EXP shares. DA Davidson dropped their target price on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Wall Street Zen downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Stephens set a $255.00 price target on Eagle Materials and gave the company an “overweight” rating in a research note on Thursday, May 22nd. Finally, Citigroup decreased their price target on Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials has a consensus rating of “Hold” and an average target price of $254.44.

Eagle Materials Stock Down 0.4%

EXP stock opened at $200.26 on Monday. Eagle Materials Inc. has a twelve month low of $195.80 and a twelve month high of $321.93. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 14.30 and a beta of 1.28. The business has a 50 day moving average price of $219.93 and a two-hundred day moving average price of $239.42. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The business had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same period in the previous year, the business earned $2.24 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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