Eagle Materials Inc. (NYSE:EXP) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its position in shares of Eagle Materials Inc. (NYSE:EXP) by 43.1% during the third quarter, Holdings Channel reports. The firm owned 1,395 shares of the construction company’s stock after acquiring an additional 420 shares during the quarter. Larson Financial Group LLC’s holdings in Eagle Materials were worth $401,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EXP. Price T Rowe Associates Inc. MD boosted its stake in Eagle Materials by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock worth $95,455,000 after purchasing an additional 3,897 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Eagle Materials by 481.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock worth $1,808,000 after buying an additional 6,885 shares during the period. Ausbil Investment Management Ltd grew its holdings in shares of Eagle Materials by 400.3% during the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after buying an additional 10,384 shares during the last quarter. Comerica Bank grew its holdings in shares of Eagle Materials by 94.8% during the first quarter. Comerica Bank now owns 32,772 shares of the construction company’s stock worth $8,906,000 after buying an additional 15,949 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Eagle Materials by 441.1% in the 2nd quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company’s stock valued at $6,049,000 after acquiring an additional 22,677 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on EXP. Stephens increased their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Monday. Citigroup boosted their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.89.

Insiders Place Their Bets

In other news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,866 shares of company stock valued at $5,482,931. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $309.96 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The company’s fifty day moving average is $294.49 and its two-hundred day moving average is $259.03. Eagle Materials Inc. has a one year low of $177.67 and a one year high of $321.93. The firm has a market capitalization of $10.40 billion, a P/E ratio of 21.89 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company posted $4.28 EPS. Analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

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.