RBA Wealth Management LLC Purchases 421 Shares of Eagle Materials Inc $EXP

RBA Wealth Management LLC increased its position in Eagle Materials Inc (NYSE:EXP) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,692 shares of the construction company’s stock after purchasing an additional 421 shares during the quarter. Eagle Materials makes up 1.7% of RBA Wealth Management LLC’s holdings, making the stock its 28th largest position. RBA Wealth Management LLC owned about 0.07% of Eagle Materials worth $4,586,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EXP. JPMorgan Chase & Co. raised its holdings in Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock valued at $475,068,000 after acquiring an additional 339,089 shares during the period. Baupost Group LLC MA boosted its position in Eagle Materials by 42.5% in the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock valued at $201,875,000 after buying an additional 271,410 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Eagle Materials by 193.4% during the first quarter. American Century Companies Inc. now owns 288,123 shares of the construction company’s stock valued at $63,944,000 after acquiring an additional 189,909 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Eagle Materials by 26,787.7% during the first quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company’s stock valued at $40,338,000 after acquiring an additional 181,085 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake 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 buying an additional 174,241 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXP. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Loop Capital increased their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $254.78.

Eagle Materials Trading Up 2.2%

Shares of NYSE EXP opened at $232.75 on Friday. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93. The stock has a market cap of $7.55 billion, a P/E ratio of 17.14 and a beta of 1.28. The firm has a 50-day moving average of $229.33 and a 200 day moving average of $220.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $634.69 million during the quarter, compared to analysts’ expectations of $611.52 million. As a group, sell-side analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s payout ratio is currently 7.36%.

Eagle Materials Company 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.