KLP Kapitalforvaltning AS Has $1.38 Million Position in Eagle Materials Inc $EXP

KLP Kapitalforvaltning AS increased its stake in shares of Eagle Materials Inc (NYSE:EXP) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the construction company’s stock after buying an additional 300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Eagle Materials were worth $1,376,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EXP. SVB Wealth LLC acquired a new stake in Eagle Materials during the first quarter worth approximately $41,000. Private Trust Co. NA grew its position in 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 buying an additional 80 shares in the last quarter. Assetmark Inc. grew its position in Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock worth $87,000 after buying an additional 326 shares in the last quarter. Signaturefd LLC grew its position in Eagle Materials by 39.1% during the first quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock worth $103,000 after buying an additional 131 shares in the last quarter. Finally, Transce3nd LLC grew its position in Eagle Materials by 9.7% during the first quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock worth $122,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Loop Capital raised their target price on Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a report on Wednesday, October 8th. Wells Fargo & Company raised Eagle Materials to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $255.40.

Eagle Materials Stock Up 0.8%

Shares of NYSE:EXP opened at $230.09 on Tuesday. The firm has a market cap of $7.47 billion, a P/E ratio of 16.94 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93. The business has a fifty day simple moving average of $231.75 and a 200 day simple moving average of $221.70.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.03. The business had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. 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 will be paid on Thursday, October 16th. Investors 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 (DPR) 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.