Compass Wealth Management LLC Acquires Shares of 7,788 Eagle Materials Inc $EXP

Compass Wealth Management LLC purchased a new position in Eagle Materials Inc (NYSE:EXP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,788 shares of the construction company’s stock, valued at approximately $1,752,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JLB & Associates Inc. acquired a new position in shares of Eagle Materials in the 2nd quarter valued at about $689,000. Citizens Financial Group Inc. RI bought a new position in Eagle Materials in the 2nd quarter worth approximately $211,000. BlackRock Inc. bought a new position in shares of Eagle Materials in the second quarter worth $688,486,000. Pallas Capital Advisors LLC bought a new stake in shares of Eagle Materials during the second quarter valued at about $410,000. Finally, Deutsche Bank AG bought a new stake in shares of Eagle Materials during the second quarter valued at about $2,506,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EXP shares. Stephens upped their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Royal Bank Of Canada raised their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 20th. Citigroup decreased their target price on Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $222.56.

Eagle Materials Trading Down 2.2%

Shares of NYSE:EXP opened at $201.08 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The stock’s 50-day moving average is $214.33 and its 200-day moving average is $209.21. The company has a market cap of $6.17 billion, a P/E ratio of 15.90 and a beta of 1.39. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $245.53.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The business had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.76 earnings per share. Equities research analysts predict that Eagle Materials Inc will post 12.66 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio is 7.91%.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.