Signition LP bought a new stake in shares of Eagle Materials, Inc. (NYSE:EXP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,472 shares of the construction company’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Eagle Materials during the 2nd quarter valued at about $1,359,000. Wells Fargo & Company MN boosted its stake in Eagle Materials by 4.5% during the second quarter. Wells Fargo & Company MN now owns 722,005 shares of the construction company’s stock worth $75,790,000 after acquiring an additional 31,286 shares in the last quarter. Emerald Advisers Inc. PA boosted its stake in Eagle Materials by 19.5% during the second quarter. Emerald Advisers Inc. PA now owns 13,566 shares of the construction company’s stock worth $1,424,000 after acquiring an additional 2,210 shares in the last quarter. Aperio Group LLC boosted its stake in Eagle Materials by 16.3% during the second quarter. Aperio Group LLC now owns 15,174 shares of the construction company’s stock worth $1,593,000 after acquiring an additional 2,131 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Eagle Materials by 4.5% during the second quarter. Advisory Services Network LLC now owns 12,881 shares of the construction company’s stock worth $1,362,000 after acquiring an additional 560 shares in the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:EXP opened at $97.25 on Friday. Eagle Materials, Inc. has a one year low of $86.51 and a one year high of $122.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.34 and a current ratio of 2.61. The stock has a market cap of $4.71 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.05 and a beta of 1.14.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Monday, July 30th. The construction company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.02). The business had revenue of $393.80 million for the quarter, compared to the consensus estimate of $402.34 million. Eagle Materials had a return on equity of 18.77% and a net margin of 18.96%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. research analysts anticipate that Eagle Materials, Inc. will post 6.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be issued a $0.10 dividend. The ex-dividend date is Thursday, October 4th. This represents a $0.40 annualized dividend and a yield of 0.41%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.48%.

Several research firms recently commented on EXP. Stephens reissued a “buy” rating and set a $124.00 price objective on shares of Eagle Materials in a research note on Thursday. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Northcoast Research raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.51 to $122.49 in a research note on Wednesday, June 13th. Jefferies Financial Group reissued a “buy” rating on shares of Eagle Materials in a research note on Friday, July 20th. Finally, Citigroup dropped their price objective on shares of Eagle Materials from $132.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Eagle Materials has a consensus rating of “Buy” and an average target price of $125.67.

In other Eagle Materials news, CFO Dale Craig Kesler sold 10,000 shares of Eagle Materials stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $108.70, for a total value of $1,087,000.00. Following the completion of the transaction, the chief financial officer now directly owns 69,373 shares of the company’s stock, valued at $7,540,845.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James H. Graass sold 5,000 shares of Eagle Materials stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $112.50, for a total transaction of $562,500.00. Following the completion of the transaction, the executive vice president now directly owns 60,253 shares of the company’s stock, valued at $6,778,462.50. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $3,324,500 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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