Hodges Capital Management Inc. Grows Stock Holdings in Eagle Materials Inc $EXP

Hodges Capital Management Inc. increased its holdings in Eagle Materials Inc (NYSE:EXP) by 9.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,005 shares of the construction company’s stock after buying an additional 12,895 shares during the period. Eagle Materials accounts for approximately 2.3% of Hodges Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Hodges Capital Management Inc.’s holdings in Eagle Materials were worth $28,229,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EXP. Clearstead Advisors LLC grew its position in Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after acquiring an additional 109 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Eagle Materials in the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Eagle Materials during the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. Royal Bank Of Canada lifted their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 20th. Stephens cut their price target on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Zacks Research raised shares of Eagle Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $224.30.

Eagle Materials Stock Performance

NYSE:EXP opened at $220.88 on Monday. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 16.83 and a beta of 1.37. The business has a 50 day moving average of $213.59 and a 200 day moving average of $211.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $245.53.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The business had revenue of $479.11 million for the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $2.00 earnings per share. On average, sell-side analysts predict that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

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

Eagle Materials Company 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.