5,644 Shares of Eagle Materials Inc $EXP Purchased by Atwood & Palmer Inc.

Atwood & Palmer Inc. acquired a new stake in shares of Eagle Materials Inc (NYSE:EXP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,644 shares of the construction company’s stock, valued at approximately $965,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in Eagle Materials by 5,116.3% during the first quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock valued at $4,852,000 after buying an additional 25,121 shares during the last quarter. Squarepoint Ops LLC increased its stake in Eagle Materials by 87.2% in the 2nd quarter. Squarepoint Ops LLC now owns 15,356 shares of the construction company’s stock worth $3,455,000 after acquiring an additional 7,155 shares during the last quarter. Bank of America Corp DE bought a new stake in Eagle Materials in the second quarter worth $66,255,000. Legal & General Group Plc bought a new stake in Eagle Materials in the second quarter worth $8,280,000. Finally, Black Creek Investment Management Inc. purchased a new stake in Eagle Materials during the fourth quarter valued at $103,778,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EXP shares. Stephens lifted their price objective on shares of Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Zacks Research cut shares of Eagle Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. DA Davidson lowered their price target on shares of Eagle Materials from $220.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, September 14th. Wells Fargo & Company dropped their target price on Eagle Materials from $196.00 to $188.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Citigroup cut their target price on Eagle Materials from $232.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Ten equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $207.78.

Insider Buying and Selling

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

Eagle Materials Trading Down 0.3%

Eagle Materials stock traded down $0.49 during midday trading on Thursday, reaching $167.01. The stock had a trading volume of 410,362 shares, compared to its average volume of 456,382. 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 firm has a market cap of $5.12 billion, a price-to-earnings ratio of 13.20 and a beta of 1.33. Eagle Materials Inc has a 52-week low of $164.47 and a 52-week high of $245.53. The company has a fifty day moving average of $192.79 and a 200 day moving average of $202.06.

Eagle Materials (NYSE:EXP) last announced its 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). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The business had revenue of $650.97 million for the quarter, compared to analysts’ expectations of $620.35 million. During the same quarter last year, the firm earned $3.76 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

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 issued a dividend of $0.25 per share. The ex-dividend date is 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 presently 7.91%.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE: EXP) is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.

The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.

Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.