Wealth Enhancement Advisory Services LLC Buys 3,920 Shares of Eagle Materials Inc $EXP

Wealth Enhancement Advisory Services LLC boosted its stake in Eagle Materials Inc (NYSE:EXP) by 170.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,222 shares of the construction company’s stock after buying an additional 3,920 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Eagle Materials were worth $1,348,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EXP. Versant Capital Management Inc lifted its holdings in shares of Eagle Materials by 130.9% during the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after acquiring an additional 72 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Eagle Materials in the 3rd quarter worth about $30,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Eagle Materials in the 3rd quarter worth about $34,000. EverSource Wealth Advisors LLC increased its position in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Eagle Materials during the 3rd quarter worth about $49,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Up 0.1%

Shares of NYSE EXP opened at $188.18 on Friday. Eagle Materials Inc has a 12-month low of $171.99 and a 12-month high of $243.64. The firm’s 50-day simple moving average is $208.01 and its 200 day simple moving average is $217.42. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 14.24 and a beta of 1.39.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $556.41 million. During the same quarter in the previous year, the business posted $3.59 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors 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 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.57%.

Analysts Set New Price Targets

A number of equities analysts have commented on EXP shares. Royal Bank Of Canada set a $208.00 price target on shares of Eagle Materials in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $215.00 target price (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Truist Financial reissued a “hold” rating and issued a $210.00 target price (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Finally, Wells Fargo & Company decreased their price target on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $228.36.

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.