TD Private Client Wealth LLC Has $310,000 Stake in Eagle Materials Inc $EXP

TD Private Client Wealth LLC grew its holdings in Eagle Materials Inc (NYSE:EXP) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,533 shares of the construction company’s stock after acquiring an additional 89 shares during the quarter. TD Private Client Wealth LLC’s holdings in Eagle Materials were worth $310,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EXP. Millennium Management LLC raised its position in Eagle Materials by 18.9% in the 4th quarter. Millennium Management LLC now owns 5,163 shares of the construction company’s stock valued at $1,274,000 after buying an additional 821 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Eagle Materials by 21.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,523 shares of the construction company’s stock valued at $376,000 after buying an additional 266 shares during the last quarter. Central Pacific Bank Trust Division raised its position in Eagle Materials by 10.5% in the 1st quarter. Central Pacific Bank Trust Division now owns 840 shares of the construction company’s stock valued at $186,000 after buying an additional 80 shares during the last quarter. GAMMA Investing LLC grew its stake in 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 purchasing an additional 181,085 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXP has been the subject of a number of analyst reports. Loop Capital raised their price target on Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $254.78.

Eagle Materials Price Performance

Eagle Materials stock opened at $232.75 on Monday. The stock’s fifty day moving average price is $229.33 and its two-hundred day moving average price is $220.75. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The firm has a market cap of $7.55 billion, a PE ratio of 17.14 and a beta of 1.28.

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 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 for the quarter, compared to analyst estimates of $611.52 million. As a group, research analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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

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.