Ruggaard & Associates LLC Makes New $577,000 Investment in Eagle Materials Inc $EXP

Ruggaard & Associates LLC acquired a new stake in shares of Eagle Materials Inc (NYSE:EXP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,563 shares of the construction company’s stock, valued at approximately $577,000.

A number of other institutional investors have also modified their holdings of the stock. Clearstead Advisors LLC grew its stake in Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after purchasing an additional 96 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after buying an additional 109 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Eagle Materials in the 4th quarter worth $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Eagle Materials during the 3rd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

NYSE EXP opened at $197.68 on Friday. The stock’s fifty day moving average price is $212.26 and its 200 day moving average price is $208.47. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 15.63 and a beta of 1.38. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $245.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (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 analysts’ expectations of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.76 earnings per share. As a group, equities research analysts forecast that Eagle Materials Inc will post 12.66 earnings per share for the current year.

Eagle Materials Announces Dividend

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

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 3,074 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $203.96, for a total transaction of $626,973.04. Following the completion of the transaction, the senior vice president directly owned 10,142 shares of the company’s stock, valued at $2,068,562.32. This represents a 23.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXP. Wells Fargo & Company cut their price target on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a report on Tuesday, June 2nd. Royal Bank Of Canada lifted their price target on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.67.

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.