Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its holdings in Eagle Materials Inc. (NYSE:EXP) by 30,775.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,235 shares of the construction company’s stock after buying an additional 1,231 shares during the period. Quest Partners LLC’s holdings in Eagle Materials were worth $269,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EXP. Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Materials by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 716,585 shares of the construction company’s stock valued at $145,356,000 after buying an additional 14,416 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Eagle Materials by 18.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,490 shares of the construction company’s stock valued at $911,000 after purchasing an additional 697 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Eagle Materials by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,944 shares of the construction company’s stock valued at $2,017,000 after purchasing an additional 278 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Eagle Materials by 149.1% in the 4th quarter. Panagora Asset Management Inc. now owns 3,161 shares of the construction company’s stock valued at $641,000 after purchasing an additional 1,892 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Eagle Materials by 3.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 8,824 shares of the construction company’s stock valued at $1,790,000 after purchasing an additional 270 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eagle Materials

In other news, insider Eric Cribbs sold 1,851 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the transaction, the insider now directly owns 13,937 shares of the company’s stock, valued at $3,861,385.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total value of $1,333,800.00. Following the transaction, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eric Cribbs sold 1,851 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total transaction of $512,838.06. Following the completion of the transaction, the insider now directly owns 13,937 shares in the company, valued at $3,861,385.22. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on EXP. Stifel Nicolaus cut their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Jefferies Financial Group boosted their price target on shares of Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Loop Capital dropped their price target on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Stephens boosted their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus price target of $289.78.

Eagle Materials Stock Performance

Shares of EXP opened at $270.68 on Friday. The firm’s 50 day moving average is $245.27 and its 200-day moving average is $246.04. The stock has a market capitalization of $9.10 billion, a P/E ratio of 19.87 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.17. Eagle Materials Inc. has a 12-month low of $145.03 and a 12-month high of $279.69.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.37. The company had revenue of $608.69 million for the quarter, compared to analysts’ expectations of $622.06 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.55 EPS. Equities research analysts anticipate that Eagle Materials Inc. will post 15.9 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Eagle Materials 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.