Jefferies Financial Group Inc. Takes $2.61 Million Position in Eagle Materials Inc $EXP

Jefferies Financial Group Inc. purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) in the 2nd quarter, Holdings Channel reports. The fund purchased 11,600 shares of the construction company’s stock, valued at approximately $2,610,000.

A number of other large investors have also modified their holdings of EXP. Clearstead Advisors LLC lifted its position in Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares during the last quarter. IFP Advisors Inc grew its position in Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Eagle Materials in the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Eagle Materials in the third quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.1%

Eagle Materials stock opened at $197.88 on Friday. Eagle Materials Inc has a 52 week low of $171.99 and a 52 week high of $245.53. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 15.64 and a beta of 1.38. The company’s 50-day moving average price is $211.72 and its two-hundred day moving average price is $208.40. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The company had revenue of $650.97 million during the quarter, compared to analyst estimates of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.76 earnings per share. On average, 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 14th. Eagle Materials’s dividend payout ratio is 7.91%.

Analyst Ratings Changes

EXP has been the subject of several analyst reports. Zacks Research downgraded Eagle Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada lifted 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. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research report on Wednesday, May 20th. Finally, DA Davidson started coverage on Eagle Materials in a research report on Monday, August 24th. They set a “neutral” rating and a $220.00 price target for the company. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.67.

Insiders Place Their Bets

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of the 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 transaction, the senior vice president directly owned 10,142 shares of the company’s stock, valued at approximately $2,068,562.32. This trade represents a 23.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.

Eagle Materials Profile

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.