1,564 Shares in Eagle Materials Inc. (NYSE:EXP) Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC purchased a new stake in Eagle Materials Inc. (NYSE:EXPGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,564 shares of the construction company’s stock, valued at approximately $201,000.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of Eagle Materials by 5.1% in the fourth quarter. Invesco Ltd. now owns 1,343,963 shares of the construction company’s stock valued at $223,714,000 after buying an additional 65,753 shares in the last quarter. Zurich Insurance Group Ltd FI raised its stake in Eagle Materials by 5.6% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 583,869 shares of the construction company’s stock valued at $97,191,000 after purchasing an additional 30,935 shares during the period. Dimensional Fund Advisors LP raised its stake in Eagle Materials by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 581,543 shares of the construction company’s stock valued at $96,801,000 after purchasing an additional 4,159 shares during the period. JPMorgan Chase & Co. raised its stake in Eagle Materials by 453.5% during the 4th quarter. JPMorgan Chase & Co. now owns 540,436 shares of the construction company’s stock valued at $89,961,000 after purchasing an additional 442,802 shares during the period. Finally, GW&K Investment Management LLC raised its stake in Eagle Materials by 5.4% during the 4th quarter. GW&K Investment Management LLC now owns 433,111 shares of the construction company’s stock valued at $72,095,000 after purchasing an additional 22,071 shares during the period. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

EXP has been the topic of several recent analyst reports. Truist Financial cut their target price on shares of Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, May 23rd. Raymond James cut their target price on shares of Eagle Materials from $175.00 to $145.00 and set a “maintains” rating on the stock in a research note on Tuesday, July 26th. StockNews.com raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday. Stephens lowered their price target on shares of Eagle Materials to $170.00 in a report on Tuesday, July 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Eagle Materials from $190.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, May 20th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.00.

Eagle Materials Trading Up 2.1 %

Shares of NYSE:EXP opened at $126.45 on Monday. The stock has a market capitalization of $4.82 billion, a PE ratio of 13.83 and a beta of 1.27. Eagle Materials Inc. has a 1 year low of $105.34 and a 1 year high of $169.15. The firm has a fifty day moving average price of $119.70 and a 200 day moving average price of $128.51. The company has a current ratio of 2.13, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83.

Eagle Materials (NYSE:EXPGet Rating) last issued its quarterly earnings data on Thursday, May 19th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. The firm had revenue of $413.10 million during the quarter, compared to analysts’ expectations of $400.68 million. Eagle Materials had a net margin of 20.10% and a return on equity of 30.51%. Eagle Materials’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. Analysts expect that Eagle Materials Inc. will post 11.36 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Wednesday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is 10.94%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, EVP James H. Graass sold 9,092 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $125.02, for a total transaction of $1,136,681.84. Following the completion of the sale, the executive vice president now directly owns 20,090 shares in the company, valued at $2,511,651.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Eagle Materials news, EVP James H. Graass sold 9,092 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $125.02, for a total transaction of $1,136,681.84. Following the completion of the sale, the executive vice president now directly owns 20,090 shares in the company, valued at $2,511,651.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ed H. Bowman, Jr. sold 1,828 shares of the company’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $110.15, for a total transaction of $201,354.20. Following the sale, the director now owns 10,485 shares of the company’s stock, valued at $1,154,922.75. The disclosure for this sale can be found here. Insiders sold 17,776 shares of company stock worth $2,214,229 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Eagle Materials Profile

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland 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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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