Hamilton Point Investment Advisors LLC Purchases 2,851 Shares of Eagle Materials Inc $EXP

by · The Markets Daily

Hamilton Point Investment Advisors LLC boosted its position in Eagle Materials Inc (NYSE:EXP – Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,647 shares of the construction company’s stock after buying an additional 2,851 shares during the quarter. Hamilton Point Investment Advisors LLC owned approximately 0.10% of Eagle Materials worth $5,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EXP. Cambiar Investors LLC bought a new position in shares of Eagle Materials during the fourth quarter valued at about $1,321,000. Black Creek Investment Management Inc. purchased a new position in shares of Eagle Materials in the fourth quarter worth about $103,778,000. Sprucegrove Investment Management Ltd. lifted its stake in shares of Eagle Materials by 1,671.4% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 12,400 shares of the construction company’s stock valued at $2,563,000 after acquiring an additional 11,700 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Eagle Materials by 5,116.3% in the 1st quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock valued at $4,852,000 after acquiring an additional 25,121 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Eagle Materials by 82.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,295 shares of the construction company’s stock valued at $5,021,000 after acquiring an additional 10,980 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXP shares. Zacks Research upgraded Eagle Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. Wells Fargo & Company dropped their price objective on Eagle Materials from $246.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Stephens cut their target price on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $226.00.

Read Our Latest Analysis on EXP

Eagle Materials Stock Down 3.7%

NYSE EXP opened at $206.13 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The stock has a market capitalization of $6.37 billion, a PE ratio of 15.71 and a beta of 1.37. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $245.53. The business’s 50-day moving average is $213.33 and its 200 day moving average is $211.16.

Eagle Materials (NYSE:EXP – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The company had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. During the same quarter in the previous year, the business earned $2.00 EPS. Eagle Materials’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Eagle Materials Inc will post 12.9 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is 7.62%.

About Eagle Materials

(Free Report)

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.

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