Eagle Materials Inc $EXP Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in Eagle Materials Inc (NYSE:EXP) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,172 shares of the construction company’s stock after acquiring an additional 4,168 shares during the period. Segall Bryant & Hamill LLC owned 0.27% of Eagle Materials worth $17,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EXP. Aristides Capital LLC purchased a new stake in shares of Eagle Materials during the first quarter worth $401,000. Global Alpha Capital Management Ltd. boosted its position in Eagle Materials by 28.8% during the first quarter. Global Alpha Capital Management Ltd. now owns 138,270 shares of the construction company’s stock worth $30,686,000 after acquiring an additional 30,880 shares during the last quarter. Mariner Investment Group LLC acquired a new position in Eagle Materials during the second quarter worth about $1,011,000. Weybosset Research & Management LLC grew its stake in Eagle Materials by 12.0% during the 2nd quarter. Weybosset Research & Management LLC now owns 39,788 shares of the construction company’s stock valued at $8,042,000 after acquiring an additional 4,265 shares in the last quarter. Finally, Novem Group acquired a new stake in Eagle Materials in the 2nd quarter valued at about $754,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 3.6%

Shares of Eagle Materials stock opened at $209.86 on Friday. The stock has a 50 day moving average of $224.20 and a 200 day moving average of $221.07. 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 firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 15.45 and a beta of 1.31. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.12). The business had revenue of $638.91 million during the quarter, compared to analyst estimates of $635.55 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $4.31 EPS. As a group, research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXP. JPMorgan Chase & Co. lowered their target price on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Loop Capital boosted their price objective on Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. DA Davidson cut their target price on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Wells Fargo & Company lowered their price target on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $243.30.

Insider Buying and Selling at Eagle Materials

In related news, Director David E. Rush purchased 1,000 shares of Eagle Materials stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, with a total value of $208,080.00. Following the purchase, the director owned 4,173 shares of the company’s stock, valued at approximately $868,317.84. The trade was a 31.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.