Compass Wealth Management LLC Acquires 3,412 Shares of Eagle Materials Inc $EXP

Compass Wealth Management LLC increased its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 43.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,200 shares of the construction company’s stock after purchasing an additional 3,412 shares during the period. Compass Wealth Management LLC’s holdings in Eagle Materials were worth $1,915,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Eagle Materials during the third quarter worth approximately $47,000. Skylands Capital LLC boosted its position in shares of Eagle Materials by 12.3% in the third quarter. Skylands Capital LLC now owns 41,900 shares of the construction company’s stock valued at $7,166,000 after acquiring an additional 4,600 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Eagle Materials by 11.4% in the third quarter. Crossmark Global Holdings Inc. now owns 1,685 shares of the construction company’s stock worth $288,000 after acquiring an additional 172 shares during the last quarter. Inlet Private Wealth LLC grew its stake in shares of Eagle Materials by 17.0% in the third quarter. Inlet Private Wealth LLC now owns 6,525 shares of the construction company’s stock worth $1,116,000 after acquiring an additional 950 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its position in Eagle Materials by 2.1% during the third quarter. Guyasuta Investment Advisors Inc. now owns 98,366 shares of the construction company’s stock worth $16,823,000 after acquiring an additional 2,065 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP stock opened at $178.35 on Friday. Eagle Materials Inc has a 12 month low of $160.02 and a 12 month high of $245.53. The company has a market capitalization of $5.47 billion, a P/E ratio of 14.10 and a beta of 1.33. The stock has a 50 day moving average of $183.35 and a two-hundred day moving average of $200.84. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The firm had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.76 earnings per share. As a group, equities analysts expect that Eagle Materials Inc will post 12.34 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Eagle Materials’s payout ratio is currently 7.91%.

Insiders Place Their Bets

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $203.96, for a total value of $626,973.04. Following the sale, the senior vice president owned 10,142 shares of the company’s stock, valued at $2,068,562.32. The trade was a 23.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of Eagle Materials from $196.00 to $188.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Truist Financial reduced their price target on shares of Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Friday, September 11th. Citigroup dropped their price objective on shares of Eagle Materials from $232.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Finally, Stephens upped their price objective on shares of Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $199.56.

About Eagle Materials

Eagle Materials Inc (NYSE: EXP) is a U.S.-based manufacturer of building materials used in residential, commercial, infrastructure and industrial construction. The company’s principal products include cement, gypsum wallboard, concrete and aggregates.

Its cement business produces and distributes Portland cement and related cement products, while its gypsum wallboard business supplies panels used in interior construction. Eagle Materials also provides ready-mixed concrete and construction aggregates, including crushed stone, sand and gravel, for building and infrastructure projects.

The company traces its history to Centex Construction Products, which was spun off from Centex Corporation in 1994 and later adopted the Eagle Materials name.