Creative Planning Acquires 368 Shares of Eagle Materials Inc. (NYSE:EXP)

Creative Planning grew its holdings in Eagle Materials Inc. (NYSE:EXP) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,327 shares of the construction company’s stock after acquiring an additional 368 shares during the quarter. Creative Planning’s holdings in Eagle Materials were worth $2,971,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wealthcare Advisory Partners LLC raised its stake in Eagle Materials by 3.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock valued at $347,000 after purchasing an additional 45 shares in the last quarter. State of Michigan Retirement System raised its stake in Eagle Materials by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,429 shares of the construction company’s stock valued at $2,291,000 after purchasing an additional 100 shares in the last quarter. Lifestyle Asset Management Inc. acquired a new position in Eagle Materials in the first quarter valued at about $1,025,000. Mad River Investors acquired a new position in Eagle Materials in the first quarter valued at about $1,552,000. Finally, Van ECK Associates Corp raised its stake in Eagle Materials by 36.5% during the first quarter. Van ECK Associates Corp now owns 14,385 shares of the construction company’s stock worth $3,909,000 after acquiring an additional 3,848 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Activity at Eagle Materials

In other 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 transaction, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at $16,135,778.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 13,937 shares of the company’s stock, valued at $3,861,385.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,851 shares of company stock worth $2,124,258 over the last ninety days. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Eagle Materials Stock Performance

Eagle Materials stock opened at $288.16 on Friday. The business has a 50 day moving average of $274.72 and a 200-day moving average of $252.09. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $306.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.17. The company has a market capitalization of $9.76 billion, a P/E ratio of 21.16 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company had revenue of $608.69 million during the quarter, compared to the consensus estimate of $622.06 million. During the same quarter in the prior year, the firm posted $3.55 earnings per share. The firm’s 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 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, September 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.35%. The ex-dividend date was Tuesday, September 17th. Eagle Materials’s payout ratio is presently 7.34%.

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.