2,563 Shares in Eagle Materials Inc $EXP Purchased by Ruggaard & Associates LLC

Ruggaard & Associates LLC purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) in the 2nd quarter, Holdings Channel reports. The firm purchased 2,563 shares of the construction company’s stock, valued at approximately $577,000.

A number of other hedge funds have also modified their holdings of the business. Centaurus Financial Inc. purchased a new stake in shares of Eagle Materials in the second quarter valued at about $604,000. Jefferies Financial Group Inc. purchased a new stake in shares of Eagle Materials during the 2nd quarter worth $2,610,000. Public Employees Retirement System of Ohio purchased a new position in shares of Eagle Materials in the 2nd quarter valued at about $2,170,000. Redwood Investment Management LLC acquired a new stake in shares of Eagle Materials in the second quarter valued at about $1,189,000. Finally, Corient Private Wealth LP acquired a new position in Eagle Materials during the second quarter worth about $618,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eagle Materials

In other 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 transaction of $626,973.04. Following the completion of the sale, the senior vice president directly 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 Securities & Exchange Commission, which is available at this link. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXP. Wells Fargo & Company decreased their price target on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a report 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 report on Wednesday, May 20th. Stephens raised their price target on Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Citigroup decreased their price objective on shares of Eagle Materials from $240.00 to $232.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Eagle Materials has a consensus rating of “Hold” and an average target price of $223.67.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $197.68 on Friday. The company has a market cap of $6.06 billion, a P/E ratio of 15.63 and a beta of 1.38. The business has a fifty day simple moving average of $212.26 and a 200-day simple moving average of $208.47. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week 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.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The company had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. During the same period in the prior year, the company earned $3.76 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Eagle Materials Inc will post 12.66 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.91%.

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.