Cwm LLC Has $359,000 Holdings in Eagle Materials Inc. (NYSE:EXP)

Cwm LLC grew its holdings in Eagle Materials Inc. (NYSE:EXP) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,249 shares of the construction company’s stock after purchasing an additional 128 shares during the quarter. Cwm LLC’s holdings in Eagle Materials were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXP. Eagle Bay Advisors LLC boosted its stake in Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after acquiring an additional 42 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Eagle Materials by 3.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock worth $347,000 after purchasing an additional 45 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Eagle Materials by 16.5% during the first quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after purchasing an additional 54 shares during the period. Arizona State Retirement System increased its holdings in Eagle Materials by 0.6% in the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock valued at $2,097,000 after purchasing an additional 56 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP stock opened at $302.89 on Monday. The stock has a 50-day moving average price of $270.26 and a two-hundred day moving average price of $251.17. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $306.36. The stock has a market cap of $10.26 billion, a PE ratio of 22.24 and a beta of 1.32. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.81.

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

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.33%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Insider Transactions at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric Cribbs sold 1,851 shares of the firm’s 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 completion of the transaction, the insider now owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,851 shares of company stock valued at $2,124,258 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EXP. Citigroup upped their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Jefferies Financial Group lifted their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stephens upped their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $297.78.

Eagle Materials Company 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.