Assetmark Inc. Increases Position in Eagle Materials Inc (NYSE:EXP)

Assetmark Inc. boosted its position in shares of Eagle Materials Inc (NYSE:EXP) by 486.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 393 shares of the construction company’s stock after buying an additional 326 shares during the period. Assetmark Inc.’s holdings in Eagle Materials were worth $87,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Eagle Materials by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock worth $178,450,000 after purchasing an additional 15,388 shares during the last quarter. Baupost Group LLC MA boosted its holdings in shares of Eagle Materials by 27.6% during the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock worth $157,488,000 after purchasing an additional 137,950 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Eagle Materials by 2.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company’s stock worth $146,099,000 after purchasing an additional 13,988 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Eagle Materials by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 365,330 shares of the construction company’s stock worth $90,149,000 after purchasing an additional 15,574 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Eagle Materials by 111.1% during the 1st 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 last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Stock Up 1.2%

NYSE:EXP opened at $223.15 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The stock’s fifty day moving average is $209.99 and its two-hundred day moving average is $223.33. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 16.43 and a beta of 1.24.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.03. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. The company had revenue of $634.69 million for the quarter, compared to analysts’ expectations of $611.52 million. Research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, June 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 16th. Eagle Materials’s dividend payout ratio is 7.36%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Loop Capital boosted their target price on Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Citigroup decreased their price objective on Eagle Materials from $279.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday. DA Davidson decreased their price objective on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Finally, Stephens set a $255.00 price objective on Eagle Materials and gave the company an “overweight” rating in a report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Eagle Materials currently has a consensus 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.