5,644 Shares of Eagle Materials Inc $EXP Purchased by Atwood & Palmer Inc.

Atwood & Palmer Inc. bought a new position in Eagle Materials Inc (NYSE:EXP) during the third quarter, Holdings Channel.com reports. The fund bought 5,644 shares of the construction company’s stock, valued at approximately $965,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Eagle Materials during the second quarter valued at approximately $688,486,000. Baupost Group LLC MA grew its stake in Eagle Materials by 26.1% in the fourth quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company’s stock worth $244,967,000 after purchasing an additional 245,588 shares in the last quarter. W1M Asset Management Ltd bought a new position in Eagle Materials in the second quarter worth approximately $155,199,000. Dimensional Fund Advisors LP increased its holdings in Eagle Materials by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock worth $118,846,000 after purchasing an additional 16,782 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in Eagle Materials during the 2nd quarter worth $129,760,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of Eagle Materials stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $203.96, for a total value of $626,973.04. Following the transaction, the senior vice president owned 10,142 shares in the company, valued at $2,068,562.32. The trade was a 23.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EXP has been the subject of a number of research analyst reports. Stephens lifted their target price on Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Zacks Research lowered Eagle Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Citigroup decreased their price objective on Eagle Materials from $232.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Wells Fargo & Company lowered their price objective on shares of Eagle Materials from $196.00 to $188.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Truist Financial dropped their target price on shares of Eagle Materials from $210.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday. Ten equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $207.78.

Eagle Materials Stock Down 0.3%

NYSE:EXP traded down $0.49 during trading hours on Thursday, reaching $167.01. The company’s stock had a trading volume of 410,362 shares, compared to its average volume of 456,382. The stock has a 50 day moving average price of $192.79 and a two-hundred day moving average price of $202.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The company has a market capitalization of $5.12 billion, a P/E ratio of 13.20 and a beta of 1.33. Eagle Materials Inc has a 12 month low of $164.47 and a 12 month high of $245.53.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The company had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. During the same period last year, the business posted $3.76 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Eagle Materials Inc will post 12.66 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is 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 (DPR) is presently 7.91%.

Eagle Materials Profile

Eagle Materials Inc (NYSE: EXP) is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.

The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.

Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.