Eagle Materials Inc $EXP Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its stake in Eagle Materials Inc (NYSE:EXP) by 103.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,600 shares of the construction company’s stock after acquiring an additional 12,000 shares during the period. Jefferies Financial Group Inc.’s holdings in Eagle Materials were worth $4,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC bought a new position in Eagle Materials in the 3rd quarter valued at about $47,000. Covestor Ltd raised its position in shares of Eagle Materials by 23.9% in the third quarter. Covestor Ltd now owns 519 shares of the construction company’s stock valued at $89,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Eagle Materials by 131.0% during the 2nd quarter. IFP Advisors Inc now owns 432 shares of the construction company’s stock valued at $97,000 after acquiring an additional 245 shares during the period. University of Texas Texas AM Investment Management Co. lifted its position in Eagle Materials by 54.4% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 596 shares of the construction company’s stock worth $102,000 after purchasing an additional 210 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Eagle Materials by 46.9% during the 3rd quarter. Signaturefd LLC now owns 623 shares of the construction company’s stock worth $107,000 after acquiring an additional 199 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Eagle Materials from $225.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. DA Davidson set a $195.00 price target on Eagle Materials in a research note on Thursday, November 5th. Royal Bank Of Canada reduced their price target on Eagle Materials from $219.00 to $170.00 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Zacks Research downgraded Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a research report on Friday, September 11th. Ten equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Eagle Materials presently has an average rating of “Reduce” and a consensus target price of $193.33.

Eagle Materials Stock Down 1.1%

Shares of NYSE:EXP opened at $182.29 on Friday. The business’s 50 day simple moving average is $178.63 and its two-hundred day simple moving average is $201.03. Eagle Materials Inc has a 52-week low of $160.02 and a 52-week high of $245.53. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.95 and a current ratio of 3.29. The firm has a market cap of $5.54 billion, a P/E ratio of 15.13 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, November 4th. The construction company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.19). The business had revenue of $652.75 million for the quarter, compared to the consensus estimate of $633.08 million. Eagle Materials had a net margin of 16.11% and a return on equity of 25.16%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.23 EPS. As a group, research analysts forecast that Eagle Materials Inc will post 11.71 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Monday, December 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is presently 8.30%.

Insider Activity

In related news, SVP Tony Thompson sold 3,074 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 10,142 shares in the company, valued at approximately $2,068,562.32. This represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Eagle Materials Company Profile

Eagle Materials Inc. is a U.S.-based producer of building materials used in residential, commercial and infrastructure construction. Its products include cement, ready-mixed concrete, aggregates, gypsum wallboard and recycled paperboard. The company operates through businesses focused on cement and concrete products, gypsum wallboard, and paperboard. Its gypsum operations also produce materials used in wallboard finishing, while its paperboard business makes recycled paperboard used in packaging and other applications.