7,788 Shares in Eagle Materials Inc $EXP Purchased by Compass Wealth Management LLC

Compass Wealth Management LLC purchased a new stake in shares of Eagle Materials Inc (NYSE:EXP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,788 shares of the construction company’s stock, valued at approximately $1,752,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Eagle Materials during the 2nd quarter worth approximately $688,486,000. Black Creek Investment Management Inc. acquired a new position in Eagle Materials in the fourth quarter valued at approximately $103,778,000. Norges Bank acquired a new position in Eagle Materials in the fourth quarter valued at approximately $90,147,000. Baupost Group LLC MA boosted its stake in Eagle Materials by 39.0% in the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after acquiring an additional 263,403 shares during the last quarter. Finally, Earnest Partners LLC bought a new position in Eagle Materials in the fourth quarter valued at approximately $52,674,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP opened at $201.08 on Wednesday. The stock has a market cap of $6.17 billion, a P/E ratio of 15.90 and a beta of 1.39. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $245.53. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. The company has a fifty day simple moving average of $214.33 and a 200 day simple moving average of $209.21.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). The business had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.76 earnings per share. On average, research analysts expect that Eagle Materials Inc will post 12.66 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be given a $0.25 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is currently 7.91%.

Analysts Set New Price Targets

A number of brokerages recently commented on EXP. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. Stephens boosted their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Citigroup decreased their target price on Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, Wells Fargo & Company lowered their price target on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $222.56.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.