Wafra Inc. purchased a new stake in Eagle Materials, Inc. (NYSE:EXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 120,720 shares of the construction company’s stock, valued at approximately $12,672,000. Wafra Inc. owned 0.25% of Eagle Materials as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXP. Whittier Trust Co. of Nevada Inc. grew its position in shares of Eagle Materials by 61.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,958 shares of the construction company’s stock worth $202,000 after purchasing an additional 744 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Eagle Materials during the 1st quarter worth approximately $202,000. GWM Advisors LLC acquired a new stake in shares of Eagle Materials during the 1st quarter worth approximately $264,000. GSA Capital Partners LLP acquired a new stake in shares of Eagle Materials during the 1st quarter worth approximately $320,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Eagle Materials by 29.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,396 shares of the construction company’s stock worth $356,000 after acquiring an additional 777 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on EXP shares. Northcoast Research upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and raised their target price for the company from $86.51 to $122.49 in a research report on Wednesday, June 13th. Jefferies Financial Group restated a “buy” rating on shares of Eagle Materials in a research report on Friday, July 20th. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Tuesday, July 24th. Citigroup lowered their target price on shares of Eagle Materials from $132.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 31st. Finally, Stephens reissued a “buy” rating and set a $124.00 target price on shares of Eagle Materials in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Eagle Materials currently has an average rating of “Hold” and a consensus price target of $125.67.

Shares of NYSE EXP traded down $0.41 during mid-day trading on Friday, reaching $87.57. 551,474 shares of the company’s stock traded hands, compared to its average volume of 570,272. The stock has a market capitalization of $4.23 billion, a P/E ratio of 20.75, a P/E/G ratio of 0.95 and a beta of 1.08. Eagle Materials, Inc. has a 1-year low of $85.84 and a 1-year high of $122.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.61 and a quick ratio of 1.34.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Monday, July 30th. The construction company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. The business had revenue of $393.80 million for the quarter, compared to analyst estimates of $402.34 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. equities research analysts anticipate that Eagle Materials, Inc. will post 6.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date is Thursday, October 4th. Eagle Materials’s dividend payout ratio (DPR) is presently 9.48%.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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