Global Alpha Capital Management Ltd. Purchases 47,453 Shares of Eagle Materials Inc $EXP

Global Alpha Capital Management Ltd. grew its stake in shares of Eagle Materials Inc (NYSE:EXP) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,746 shares of the construction company’s stock after buying an additional 47,453 shares during the period. Eagle Materials accounts for 2.4% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 15th biggest holding. Global Alpha Capital Management Ltd. owned 0.61% of Eagle Materials worth $39,837,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in Eagle Materials in the 3rd quarter worth approximately $30,000. Clearstead Advisors LLC increased its position in shares of Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares during the last quarter. IFP Advisors Inc grew its position in 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 during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Eagle Materials in the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after acquiring an additional 87 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 2.3%

Shares of EXP opened at $212.48 on Friday. The company has a current ratio of 3.66, a quick ratio of 2.09 and a debt-to-equity ratio of 1.18. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $243.64. The stock’s 50 day moving average is $202.62 and its two-hundred day moving average is $211.14. The firm has a market cap of $6.58 billion, a P/E ratio of 16.20 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.32. The business had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.00 earnings per share. 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 announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials’s payout ratio is currently 7.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXP. Citigroup dropped their price target on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Stephens decreased their price target on 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. Wells Fargo & Company increased their price target on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Tuesday, June 2nd. Finally, Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $224.30.

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.