Eagle Materials Inc $EXP Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its position in Eagle Materials Inc (NYSE:EXP) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,522 shares of the construction company’s stock after buying an additional 165 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Eagle Materials were worth $914,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Eagle Materials by 21.2% in the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company’s stock valued at $182,000 after acquiring an additional 143 shares during the last quarter. SG Americas Securities LLC raised its position in Eagle Materials by 163.5% in the first quarter. SG Americas Securities LLC now owns 1,515 shares of the construction company’s stock valued at $336,000 after purchasing an additional 940 shares during the period. Blue Trust Inc. lifted its stake in shares of Eagle Materials by 18.4% in the 1st quarter. Blue Trust Inc. now owns 1,089 shares of the construction company’s stock valued at $242,000 after purchasing an additional 169 shares during the last quarter. Ausbil Investment Management Ltd lifted its stake in shares of Eagle Materials by 469.7% in the 1st quarter. Ausbil Investment Management Ltd now owns 2,951 shares of the construction company’s stock valued at $655,000 after purchasing an additional 2,433 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Eagle Materials by 14.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,443 shares of the construction company’s stock worth $3,649,000 after purchasing an additional 2,045 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Loop Capital boosted their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Wells Fargo & Company raised shares of Eagle Materials to a “strong-buy” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $220.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $255.40.

Eagle Materials Price Performance

Eagle Materials stock opened at $237.28 on Monday. 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 52-week low of $191.91 and a 52-week high of $321.93. The firm has a market cap of $7.70 billion, a PE ratio of 17.47 and a beta of 1.31. The company’s 50 day moving average is $232.98 and its two-hundred day moving average is $222.00.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.03. The business had revenue of $634.69 million for 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%. On average, research 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 was paid on Thursday, October 16th. Shareholders of record on Monday, September 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s dividend payout ratio (DPR) 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.