Larson Financial Group LLC Increases Stock Position in Eagle Materials Inc. (NYSE:EXP)

Larson Financial Group LLC raised its holdings in Eagle Materials Inc. (NYSE:EXP) by 46.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 975 shares of the construction company’s stock after purchasing an additional 307 shares during the period. Larson Financial Group LLC’s holdings in Eagle Materials were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC lifted its holdings in shares of Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Eagle Materials during the first quarter valued at approximately $27,000. Tompkins Financial Corp purchased a new position in shares of Eagle Materials during the first quarter valued at approximately $27,000. Rise Advisors LLC purchased a new position in shares of Eagle Materials during the first quarter valued at approximately $27,000. Finally, Bessemer Group Inc. lifted its stake in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In other news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the sale, the chief financial officer now owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the completion of the sale, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total transaction of $512,838.06. Following the sale, the insider now directly owns 13,937 shares of the company’s stock, valued at $3,861,385.22. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $241.05 on Friday. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $279.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. The company has a 50 day moving average price of $241.20 and a 200 day moving average price of $245.73. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 17.70 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.37. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company had revenue of $608.69 million during the quarter, compared to analyst estimates of $622.06 million. During the same quarter in the prior year, the business earned $3.55 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Eagle Materials Inc. will post 15.9 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Tuesday, September 17th. Eagle Materials’s payout ratio is currently 7.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXP. Jefferies Financial Group upped their price objective on shares of Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Loop Capital reduced their price objective on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Stephens upped their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Stifel Nicolaus reduced their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $289.78.

Eagle Materials Company Profile

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.