Atria Investments Inc Purchases 338 Shares of Eagle Materials Inc. (NYSE:EXP)

Atria Investments Inc raised its position in Eagle Materials Inc. (NYSE:EXP) by 6.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,922 shares of the construction company’s stock after acquiring an additional 338 shares during the quarter. Atria Investments Inc’s holdings in Eagle Materials were worth $1,704,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EXP. Bessemer Group Inc. lifted its holdings in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Acadian Asset Management LLC bought a new position in Eagle Materials in the first quarter valued at about $42,000. McClarren Financial Advisors Inc. lifted its holdings in Eagle Materials by 10,750.0% in the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after acquiring an additional 215 shares during the period. EntryPoint Capital LLC raised its stake in shares of Eagle Materials by 1,760.0% in the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after buying an additional 176 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Eagle Materials in the first quarter worth about $55,000. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup raised their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stephens raised their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Jefferies Financial Group raised their price objective on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.78.

Insider Buying and Selling at Eagle Materials

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

Eagle Materials Stock Performance

NYSE:EXP opened at $301.67 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 12-month low of $172.20 and a 12-month high of $317.00. The stock has a 50-day moving average price of $288.92 and a 200 day moving average price of $257.18. The stock has a market capitalization of $10.12 billion, a P/E ratio of 21.30 and a beta of 1.32.

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

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend 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.