Eagle Materials Inc $EXP Shares Purchased by Compass Wealth Management LLC

Compass Wealth Management LLC boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 43.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,200 shares of the construction company’s stock after purchasing an additional 3,412 shares during the period. Compass Wealth Management LLC’s holdings in Eagle Materials were worth $1,915,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Eagle Materials in the 2nd quarter valued at approximately $688,486,000. W1M Asset Management Ltd acquired a new position in shares of Eagle Materials in the 2nd quarter worth approximately $155,199,000. William Blair Investment Management LLC acquired a new position in shares of Eagle Materials in the 2nd quarter worth approximately $129,760,000. Bank of America Corp DE bought a new position in shares of Eagle Materials during the 2nd quarter worth approximately $66,255,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Eagle Materials during the 2nd quarter worth approximately $51,858,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $178.35 on Friday. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 14.10 and a beta of 1.33. The firm’s 50-day moving average price is $183.35 and its two-hundred day moving average price is $200.84. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. Eagle Materials Inc has a 1-year low of $160.02 and a 1-year high of $245.53.

Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The firm had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.76 EPS. On average, equities analysts predict that Eagle Materials Inc will post 12.34 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, September 14th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Eagle Materials’s dividend payout ratio is 7.91%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank Of Canada decreased their price target on Eagle Materials from $219.00 to $170.00 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Stephens increased their price objective on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. cut their price objective on Eagle Materials from $225.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research note on Friday, September 11th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Reduce” and a consensus target price of $199.56.

Insiders Place Their Bets

In related news, SVP Tony Thompson sold 3,074 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $203.96, for a total transaction of $626,973.04. Following the completion of the sale, the senior vice president directly owned 10,142 shares of the company’s stock, valued at $2,068,562.32. This trade represents a 23.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE: EXP) is a U.S.-based manufacturer of building materials used in residential, commercial, infrastructure and industrial construction. The company’s principal products include cement, gypsum wallboard, concrete and aggregates.

Its cement business produces and distributes Portland cement and related cement products, while its gypsum wallboard business supplies panels used in interior construction. Eagle Materials also provides ready-mixed concrete and construction aggregates, including crushed stone, sand and gravel, for building and infrastructure projects.

The company traces its history to Centex Construction Products, which was spun off from Centex Corporation in 1994 and later adopted the Eagle Materials name.