Centaurus Financial Inc. Buys Shares of 2,685 Eagle Materials Inc $EXP

Centaurus Financial Inc. acquired a new position in Eagle Materials Inc (NYSE:EXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,685 shares of the construction company’s stock, valued at approximately $604,000.

A number of other hedge funds have also recently bought and sold shares of EXP. Fifth Third Bancorp raised its holdings in shares of Eagle Materials by 5,116.3% during the 1st quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock valued at $4,852,000 after buying an additional 25,121 shares during the period. Sprucegrove Investment Management Ltd. increased its stake in Eagle Materials by 1,671.4% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 12,400 shares of the construction company’s stock worth $2,563,000 after buying an additional 11,700 shares during the period. Black Creek Investment Management Inc. acquired a new position in Eagle Materials in the 4th quarter worth $103,778,000. Redwood Investment Management LLC acquired a new position in Eagle Materials in the 1st quarter worth $1,080,000. Finally, Dimensional Fund Advisors LP boosted its position in Eagle Materials by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock valued at $118,846,000 after buying an additional 16,782 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Tony Thompson sold 3,074 shares of Eagle Materials stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $203.96, for a total value of $626,973.04. Following the completion of the transaction, the senior vice president owned 10,142 shares in the company, valued at approximately $2,068,562.32. This trade represents a 23.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on EXP shares. Royal Bank Of Canada raised their target price on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Stephens lifted their price objective on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Hold” and a consensus target price of $223.67.

Eagle Materials Price Performance

EXP opened at $197.88 on Friday. The company has a market capitalization of $6.07 billion, a P/E ratio of 15.64 and a beta of 1.38. The company has a 50-day moving average of $211.72 and a 200-day moving average of $208.40. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year 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 the consensus estimate of $3.37 by ($0.08). The company had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.76 EPS. Equities analysts expect that Eagle Materials Inc will post 12.66 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

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

About Eagle Materials

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.