QRG Capital Management Inc. Invests $235,000 in Eagle Materials Inc. (NYSE:EXP)

QRG Capital Management Inc. purchased a new stake in Eagle Materials Inc. (NYSE:EXP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 817 shares of the construction company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Eagle Materials by 38.8% in the first quarter. SG Americas Securities LLC now owns 5,141 shares of the construction company’s stock worth $1,397,000 after buying an additional 1,438 shares during the period. Sei Investments Co. lifted its stake in Eagle Materials by 5.4% in the 1st quarter. Sei Investments Co. now owns 62,839 shares of the construction company’s stock worth $17,076,000 after acquiring an additional 3,247 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Eagle Materials during the 1st quarter worth about $55,000. Bleakley Financial Group LLC purchased a new position in Eagle Materials during the 1st quarter valued at about $703,000. Finally, Eagle Bay Advisors LLC increased its holdings in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $310.54 on Wednesday. The business’s 50-day simple moving average is $285.01 and its 200-day simple moving average is $256.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. Eagle Materials Inc. has a 52 week low of $166.74 and a 52 week high of $317.00. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 21.93 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. During the same period in the previous year, the company earned $4.28 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.32%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insiders Place Their Bets

In other news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EXP. Jefferies Financial Group raised their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup boosted their target price on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.78.

Eagle Materials Profile

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.