Eagle Materials Inc. (NYSE:EXP) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in shares of Eagle Materials Inc. (NYSE:EXP) by 25.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,748 shares of the construction company’s stock after purchasing an additional 552 shares during the period. Crossmark Global Holdings Inc.’s holdings in Eagle Materials were worth $790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. lifted its stake in Eagle Materials by 5.4% in the first quarter. Sei Investments Co. now owns 62,839 shares of the construction company’s stock valued at $17,076,000 after buying an additional 3,247 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Eagle Materials in the 1st quarter valued at $55,000. Bleakley Financial Group LLC purchased a new position in Eagle Materials during the 1st quarter worth $703,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Eagle Materials by 6.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 42,249 shares of the construction company’s stock valued at $11,481,000 after buying an additional 2,622 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Eagle Materials in the 1st quarter valued at about $212,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial boosted their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup boosted their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Stephens boosted their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group raised their price target on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $303.78.

Eagle Materials Stock Down 0.8 %

EXP opened at $305.85 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 21.60 and a beta of 1.32. Eagle Materials Inc. has a one year low of $172.20 and a one year high of $317.00. The business’s fifty day moving average is $287.70 and its two-hundred day moving average is $256.88.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.28 earnings per share. Analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio is presently 7.06%.

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.