GSA Capital Partners LLP Makes New Investment in Eagle Materials Inc $EXP

GSA Capital Partners LLP bought a new stake in Eagle Materials Inc (NYSE:EXP) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,219 shares of the construction company’s stock, valued at approximately $750,000.

A number of other institutional investors have also made changes to their positions in EXP. Focus Partners Wealth grew its holdings in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after acquiring an additional 357 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Leeward Investments LLC MA lifted its position in shares of Eagle Materials by 23.3% during the second quarter. Leeward Investments LLC MA now owns 44,235 shares of the construction company’s stock worth $8,940,000 after purchasing an additional 8,358 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Eagle Materials by 1.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,671 shares of the construction company’s stock valued at $3,369,000 after purchasing an additional 228 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Eagle Materials in the second quarter valued at approximately $2,977,000. 96.07% of the stock is owned by institutional investors.

Eagle Materials Trading Up 0.5%

NYSE:EXP opened at $235.54 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $243.64. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 17.83 and a beta of 1.38. The business’s 50-day moving average price is $222.63 and its two-hundred day moving average price is $224.81.

Eagle Materials (NYSE:EXP) last announced its quarterly 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). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same period last year, the company earned $3.59 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, equities analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. Eagle Materials’s payout ratio is 7.57%.

Analyst Ratings Changes

A number of brokerages have commented on EXP. JPMorgan Chase & Co. reiterated 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 cut their price target on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. DA Davidson lowered their price objective on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Finally, Stifel Nicolaus set a $246.00 target price on shares of Eagle Materials in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Eagle Materials has a consensus rating of “Hold” and a consensus target price of $230.40.

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.