Steward Partners Investment Advisory LLC makes new $201,000 investment in Eagle Materials Inc. (NYSE:EXP)

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Steward Partners Investment Advisory LLC has acquired a new equity position in Eagle Materials Inc. (NYSE: EXPGet a rating) during Q1, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,564 shares of the construction company, valued at approximately $201,000.

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

Eagle Materials trades up 2.1%

EXP opened at $126.45 on Monday. The company’s fifty-day moving average is $119.70 and its two-hundred-day moving average is $128.51. The company has a debt ratio of 0.83, a quick ratio of 0.99 and a current ratio of 2.13. The company 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 12-month low of $105.34 and a 12-month high of $169.15.

Eagle materials (NYSE: EXPGet a rating) last released its results on Thursday, May 19. The construction company reported earnings per share of $1.90 for the quarter, beating the consensus estimate of $1.74 by $0.16. The company posted revenue of $413.10 million for the quarter, versus analyst estimates of $400.68 million. Eagle Materials had a net margin of 20.10% and a return on equity of 30.51%. The company’s revenue for the quarter increased by 20.3% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $1.56. Equity research analysts expect Eagle Materials Inc. to post EPS of 11.36 for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Investors of record on Thursday, June 16 received a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 15. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 0.79%. Eagle Materials’ payout ratio is 10.94%.

Insider buying and selling

In related news, the director Ed H. Bowman, Jr. sold 1,828 shares of the company in a trade on Friday, June 17. 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 directly owns 10,485 shares of the company, valued at $1,154,922.75. The sale was disclosed in an SEC filing, available at this hyperlink. Separately, Executive Vice Chairman James H. Graass sold 2,856 shares of the company in a trade on Wednesday, June 1. The shares were sold at an average price of $131.02, for a total transaction of $374,193.12. Following the sale, the executive vice president now directly owns 14,294 shares of the company, valued at $1,872,799.88. The sale was disclosed in an SEC filing, available at this hyperlink. Additionally, director Ed H. Bowman, Jr. sold 1,828 shares of Eagle Materials in a trade on Friday, June 17. The shares were sold at an average price of $110.15, for a total transaction of $201,354.20. Following the completion of the sale, the administrator now owns 10,485 shares of the company, valued at $1,154,922.75. Disclosure of this sale can be found here. Insiders sold a total of 17,776 shares of the company worth $2,214,229 in the past ninety days. Insiders of the company own 1.60% of the shares of the company.

A Wall Street analyst gives his opinion

Several analysts have recently commented on EXP shares. Stephens cut his price target on Eagle Materials shares to $170.00 in a Tuesday, July 26 research note. DA Davidson cut his price target on Eagle Materials shares from $160.00 to $145.00 and set a “neutral” rating on the stock in a Friday, May 20 research note. JPMorgan Chase & Co. cut shares of Eagle Materials from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $165.00 to $130.00 in a rating of research from Wednesday, July 20. Goldman Sachs Group lowered its price target on Eagle Materials shares from $190.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, May 20. Finally, Raymond James cut his price target on Eagle Materials shares from $175.00 to $145.00 and set a “hold” rating on the stock in a Tuesday, July 26 research note. Five equity research analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat.com, Eagle Materials has an average rating of “Moderate Buy” and an average target price of $159.00.

About Eagle Materials

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy building materials and light building materials in the United States. It operates through the cement, concrete and aggregates, gypsum board and recycled paperboard segments. The company is engaged in the extraction of limestone for the manufacture, production, distribution and sale of Portland cement; crushing and sale of slag; and the extraction of gypsum for the manufacture and sale of plasterboard used for finishing 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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