Foundations Investment Advisors LLC Purchases 1,503 Shares of Eagle Materials Inc (NYSE:EXP)

Foundations Investment Advisors LLC grew its position in Eagle Materials Inc (NYSE:EXP) by 173.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,369 shares of the construction company’s stock after purchasing an additional 1,503 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Eagle Materials were worth $526,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Eagle Materials by 26,787.7% in the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company’s stock valued at $40,338,000 after buying an additional 181,085 shares during the period. Victory Capital Management Inc. lifted its position in Eagle Materials by 111.1% during the first quarter. Victory Capital Management Inc. now owns 331,081 shares of the construction company’s stock worth $73,477,000 after purchasing an additional 174,241 shares during the period. Raymond James Financial Inc. acquired a new stake in Eagle Materials during the fourth quarter worth about $38,115,000. Baupost Group LLC MA increased its holdings in Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock valued at $157,488,000 after buying an additional 137,950 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Eagle Materials by 165.0% in the 1st quarter. Principal Financial Group Inc. now owns 206,019 shares of the construction company’s stock valued at $45,722,000 after buying an additional 128,271 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXP. Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Truist Financial decreased their price target 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. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, May 21st. DA Davidson decreased 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. Finally, Citigroup dropped their target price on shares of Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $255.33.

Eagle Materials Stock Performance

Eagle Materials stock opened at $224.39 on Friday. The business has a 50 day moving average of $209.71 and a 200-day moving average of $224.13. The company has a market capitalization of $7.32 billion, a P/E ratio of 16.52 and a beta of 1.26. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.73 and a quick ratio of 1.03.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.03. The firm had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. On average, equities research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Monday, June 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 16th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.27%.

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.