1,722 Shares in Eagle Materials Inc (NYSE:EXP) Acquired by AE Wealth Management LLC

AE Wealth Management LLC acquired a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,722 shares of the construction company's stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the last quarter. Huntington National Bank boosted its position in Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after acquiring an additional 144 shares during the period. Private Trust Co. NA boosted its position in Eagle Materials by 39.0% during the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after acquiring an additional 80 shares during the period. Signaturefd LLC boosted its position in Eagle Materials by 39.1% during the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock worth $103,000 after acquiring an additional 131 shares during the period. Finally, LGT Financial Advisors LLC boosted its position in Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after acquiring an additional 310 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXP has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. DA Davidson lowered their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Citigroup lowered their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $255.33.

Eagle Materials Stock Performance

Eagle Materials stock traded down $3.96 during trading hours on Friday, hitting $220.33. The stock had a trading volume of 484,116 shares, compared to its average volume of 406,633. The company has a 50-day moving average of $209.71 and a two-hundred day moving average of $224.13. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.19 billion, a PE ratio of 16.22 and a beta of 1.26. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating the consensus estimate of $3.73 by $0.03. The firm had revenue of $634.69 million during the quarter, compared to analysts' expectations of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. On average, equities research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials's dividend payout ratio is 7.27%.

Eagle Materials 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.