ING Groep NV Purchases Shares of 5,200 Eagle Materials Inc $EXP

ING Groep NV acquired a new position in Eagle Materials Inc (NYSE:EXP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,200 shares of the construction company’s stock, valued at approximately $1,075,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXP. Clearstead Advisors LLC boosted 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 in the last quarter. IFP Advisors Inc lifted its stake in Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after buying an additional 109 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Eagle Materials during the 4th quarter worth approximately $29,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Eagle Materials during the 3rd quarter worth approximately $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Eagle Materials in the 3rd quarter valued at $34,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

NYSE EXP opened at $213.60 on Thursday. The company has a market cap of $6.61 billion, a P/E ratio of 16.28 and a beta of 1.37. The company has a fifty day simple moving average of $204.42 and a 200 day simple moving average of $211.44. 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.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.32. The firm had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 earnings per share. Sell-side analysts predict that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on EXP. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. raised shares of 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. Royal Bank Of Canada upped their price objective on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Stephens reduced their target price 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. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average target price of $224.30.

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.