1,984 Shares in Eagle Materials Inc. (NYSE:EXP) Bought by MQS Management LLC

MQS Management LLC purchased a new stake in Eagle Materials Inc. (NYSE:EXP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,984 shares of the construction company’s stock, valued at approximately $431,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. TD Asset Management Inc lifted its stake in shares of Eagle Materials by 261.8% in the fourth quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock valued at $176,870,000 after buying an additional 630,964 shares during the period. Norges Bank bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $88,925,000. Epoch Investment Partners Inc. lifted its position in shares of Eagle Materials by 133.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 662,628 shares of the construction company’s stock worth $134,407,000 after acquiring an additional 378,296 shares during the period. Baupost Group LLC MA acquired a new stake in shares of Eagle Materials during the 1st quarter worth approximately $71,199,000. Finally, Captrust Financial Advisors increased its position in shares of Eagle Materials by 61.6% during the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock valued at $138,485,000 after purchasing an additional 194,342 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at $16,135,778.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Dale Craig Kesler sold 5,000 shares of the 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 in the company, valued at $16,135,778.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,851 shares of company stock worth $2,124,258. Insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $292.11 on Friday. The business has a fifty day moving average of $249.27 and a 200-day moving average of $246.61. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. Eagle Materials Inc. has a twelve month low of $145.03 and a twelve month high of $292.74. The firm has a market cap of $9.89 billion, a PE ratio of 21.39 and a beta of 1.32.

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

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.34%. The ex-dividend date is Tuesday, September 17th. Eagle Materials’s dividend payout ratio is 7.34%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXP. Stephens lifted their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Jefferies Financial Group lifted their target price on shares of Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Citigroup increased their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $289.78.

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.