Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC lifted its position in Eagle Materials Inc. (NYSE:EXP) by 22.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,615 shares of the construction company’s stock after acquiring an additional 294 shares during the period. Inspire Investing LLC’s holdings in Eagle Materials were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EXP. Wells Fargo & Company MN boosted its stake in Eagle Materials by 36.0% during the fourth quarter. Wells Fargo & Company MN now owns 101,946 shares of the construction company’s stock worth $20,679,000 after buying an additional 26,967 shares during the last quarter. Assetmark Inc. boosted its stake in Eagle Materials by 233.9% during the fourth quarter. Assetmark Inc. now owns 374 shares of the construction company’s stock worth $76,000 after buying an additional 262 shares during the last quarter. Intech Investment Management LLC boosted its stake in Eagle Materials by 2.6% during the fourth quarter. Intech Investment Management LLC now owns 6,202 shares of the construction company’s stock worth $1,258,000 after buying an additional 159 shares during the last quarter. Evermay Wealth Management LLC acquired a new position in Eagle Materials during the fourth quarter worth $61,000. Finally, TD Asset Management Inc boosted its stake in Eagle Materials by 261.8% during the fourth quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock worth $176,870,000 after buying an additional 630,964 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of the company’s 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 of the company’s stock, valued at approximately $16,135,778.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the completion of the sale, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The disclosure for this sale can be found here. Insiders sold a total of 7,851 shares of company stock valued at $2,124,258 in the last three months. 1.60% of the stock is currently owned by company insiders.

Eagle Materials Trading Up 0.1 %

NYSE:EXP opened at $288.00 on Tuesday. The stock has a 50-day simple moving average of $252.83 and a 200-day simple moving average of $247.21. The stock has a market cap of $9.75 billion, a P/E ratio of 21.15 and a beta of 1.32. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $293.00. 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 (NYSE:EXP) last announced its earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. The firm had revenue of $608.69 million during the quarter, compared to analysts’ expectations of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.55 EPS. As a group, analysts anticipate that Eagle Materials Inc. will post 15.9 earnings per share 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. Investors of record on Tuesday, September 17th will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.35%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

About Eagle Materials

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.