Barrow Hanley Mewhinney & Strauss LLC Raises Stock Position in Eagle Materials Inc $EXP

Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Eagle Materials Inc (NYSE:EXP) by 28,269.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,015 shares of the construction company’s stock after acquiring an additional 37,881 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.12% of Eagle Materials worth $8,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EXP. Focus Partners Wealth increased its position in shares of Eagle Materials by 21.5% during the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after purchasing an additional 357 shares in the last quarter. Penserra Capital Management LLC grew its stake in Eagle Materials by 17.7% during the 2nd quarter. Penserra Capital Management LLC now owns 1,129 shares of the construction company’s stock worth $228,000 after buying an additional 170 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Eagle Materials by 35.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,841 shares of the construction company’s stock valued at $574,000 after buying an additional 738 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Eagle Materials by 76.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,456 shares of the construction company’s stock valued at $7,772,000 after buying an additional 16,640 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in Eagle Materials by 215.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 4,459 shares of the construction company’s stock valued at $901,000 after buying an additional 3,044 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXP shares. Wells Fargo & Company dropped their price target on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a research note on Thursday, January 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th. Citigroup lowered their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Zacks Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada set a $208.00 price target on shares of Eagle Materials in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average price target of $228.36.

Eagle Materials Stock Down 1.2%

EXP opened at $191.49 on Thursday. The company has a fifty day moving average of $221.65 and a two-hundred day moving average of $223.18. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 14.50 and a beta of 1.35. Eagle Materials Inc has a fifty-two week low of $188.76 and a fifty-two week high of $243.64. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The business had revenue of $555.96 million for the quarter, compared to analyst estimates of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. Eagle Materials’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business earned $3.59 earnings per share. On average, research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be given a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s payout ratio is 7.57%.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.