GAMMA Investing LLC Has $197,000 Position in Eagle Materials Inc $EXP

GAMMA Investing LLC grew its position in Eagle Materials Inc (NYSE:EXP) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 977 shares of the construction company’s stock after purchasing an additional 158 shares during the period. GAMMA Investing LLC’s holdings in Eagle Materials were worth $197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SVB Wealth LLC acquired a new stake in Eagle Materials during the 1st quarter worth $41,000. Parallel Advisors LLC increased its holdings in shares of Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after acquiring an additional 52 shares in the last quarter. Private Trust Co. NA raised its position in shares of Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock worth $63,000 after purchasing an additional 80 shares during the period. Assetmark Inc. lifted its holdings in shares of Eagle Materials by 486.6% during the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after purchasing an additional 326 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Eagle Materials by 39.1% during the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock valued at $103,000 after purchasing an additional 131 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXP. Loop Capital raised their target price 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. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $254.78.

Eagle Materials Stock Up 2.2%

Eagle Materials stock opened at $232.75 on Monday. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $321.93. The company has a fifty day simple moving average of $229.33 and a 200 day simple moving average of $220.75. The company has a market cap of $7.55 billion, a P/E ratio of 17.14 and a beta of 1.28.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $611.52 million. Research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be 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 is Monday, September 15th. Eagle Materials’s dividend payout ratio is 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.