Virtu Financial LLC Acquires New Holdings in Eagle Materials Inc. (NYSE:EXP)

Virtu Financial LLC acquired a new stake in Eagle Materials Inc. (NYSE:EXP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,608 shares of the construction company’s stock, valued at approximately $326,000.

A number of other institutional investors have also made changes to their positions in the stock. Meritage Portfolio Management raised its stake in shares of Eagle Materials by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock valued at $458,000 after acquiring an additional 47 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Eagle Materials by 2.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,285 shares of the construction company’s stock valued at $666,000 after buying an additional 85 shares during the last quarter. Paralel Advisors LLC grew its holdings in Eagle Materials by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 13,032 shares of the construction company’s stock valued at $2,170,000 after buying an additional 147 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new stake in Eagle Materials in the 4th quarter valued at approximately $30,000. Finally, Intech Investment Management LLC grew its holdings in Eagle Materials by 2.6% in the 4th quarter. Intech Investment Management LLC now owns 6,202 shares of the construction company’s stock valued at $1,258,000 after buying an additional 159 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Price Performance

Eagle Materials stock opened at $216.81 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.62 and a quick ratio of 1.06. The company has a market capitalization of $7.34 billion, a PE ratio of 15.92 and a beta of 1.33. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $276.61. The business has a 50 day simple moving average of $245.47 and a 200 day simple moving average of $235.36.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, May 21st. The construction company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.48). The company had revenue of $476.70 million for the quarter, compared to the consensus estimate of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. Eagle Materials’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.79 EPS. On average, sell-side analysts forecast that Eagle Materials Inc. will post 16.15 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a $0.25 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.00 annualized dividend and a yield of 0.46%. Eagle Materials’s payout ratio is 7.34%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. Loop Capital decreased their price objective on Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. The Goldman Sachs Group lifted their price objective on Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus decreased their price objective on Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Finally, Stephens lifted their price objective on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Moderate Buy” and an average price target of $279.67.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.