Marshall Financial Group LLC Takes $788,000 Position in Eagle Materials Inc $EXP

Marshall Financial Group LLC bought a new position in shares of Eagle Materials Inc (NYSE:EXP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,717 shares of the construction company’s stock, valued at approximately $788,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXP. Fulton Bank N.A. boosted its stake in Eagle Materials by 6.1% in the 2nd quarter. Fulton Bank N.A. now owns 1,084 shares of the construction company’s stock worth $219,000 after purchasing an additional 62 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Eagle Materials by 15.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,772 shares of the construction company’s stock worth $379,000 after buying an additional 232 shares in the last quarter. Balefire LLC boosted its position in shares of Eagle Materials by 4.6% during the second quarter. Balefire LLC now owns 1,734 shares of the construction company’s stock worth $350,000 after acquiring an additional 76 shares during the last quarter. Gradient Investments LLC purchased a new position in Eagle Materials during the second quarter valued at $1,216,000. Finally, Strs Ohio bought a new stake in Eagle Materials in the 1st quarter valued at $1,071,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $236.48 on Friday. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 17.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The stock has a 50 day moving average price of $227.85 and a 200-day moving average price of $220.06. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.03. The company had revenue of $634.69 million during the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. Equities analysts expect that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 annualized dividend and a yield of 0.4%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.36%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXP. Loop Capital increased their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Citigroup dropped their price target on Eagle Materials from $279.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Stephens set a $255.00 price objective on Eagle Materials and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. DA Davidson decreased their price objective on Eagle Materials from $260.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $254.78.

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.