755 Shares in Eagle Materials Inc. (NYSE:EXP) Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 755 shares of the construction company’s stock, valued at approximately $217,000.

A number of other hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC lifted its holdings in shares of Eagle Materials by 79.2% during the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after purchasing an additional 42 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Eagle Materials in the first quarter worth $42,000. McClarren Financial Advisors Inc. raised its holdings in shares of Eagle Materials by 10,750.0% during the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after purchasing an additional 215 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its position in Eagle Materials by 1,760.0% during the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock valued at $51,000 after purchasing an additional 176 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Eagle Materials Stock Performance

EXP opened at $288.16 on Friday. The firm’s fifty day simple moving average is $274.72 and its two-hundred day simple moving average is $252.09. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week high of $306.36. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 21.16 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81.

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

Eagle Materials Announces Dividend

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

Insider Buying and Selling

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the sale, the chief financial officer now owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Eagle Materials news, insider Eric Cribbs sold 1,851 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total value of $512,838.06. Following the completion of the sale, the insider now directly owns 13,937 shares in the company, valued at $3,861,385.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction dated 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 in the company, valued at $16,135,778.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,851 shares of company stock worth $2,124,258. 1.60% of the stock is owned by corporate insiders.

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.