Eagle Materials Inc $EXP Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its position in Eagle Materials Inc (NYSE:EXP) by 34.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,961 shares of the construction company’s stock after acquiring an additional 28,110 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Eagle Materials were worth $25,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXP. Bretton Capital Management LLC boosted its stake in shares of Eagle Materials by 17.9% in the third quarter. Bretton Capital Management LLC now owns 23,100 shares of the construction company’s stock valued at $5,383,000 after purchasing an additional 3,500 shares during the period. Sowell Financial Services LLC acquired a new stake in Eagle Materials during the 3rd quarter worth approximately $202,000. Asio Capital LLC lifted its holdings in Eagle Materials by 16.2% during the 3rd quarter. Asio Capital LLC now owns 12,970 shares of the construction company’s stock worth $3,023,000 after buying an additional 1,806 shares in the last quarter. Sheets Smith Wealth Management boosted its position in Eagle Materials by 1.8% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock valued at $652,000 after buying an additional 49 shares during the period. Finally, CWM LLC grew its stake in shares of Eagle Materials by 18.5% in the third quarter. CWM LLC now owns 1,142 shares of the construction company’s stock worth $266,000 after acquiring an additional 178 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXP has been the topic of several analyst reports. Wells Fargo & Company reduced their price objective on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $226.00 price target on shares of Eagle Materials in a research report on Monday, November 3rd. Truist Financial reissued a “hold” rating and set a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a research report on Friday, December 19th. JPMorgan Chase & Co. cut their target price on shares of Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Finally, Stifel Nicolaus set a $246.00 price target on shares of Eagle Materials in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $236.30.

Insider Activity

In related news, Director David E. Rush bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average cost of $208.08 per share, with a total value of $208,080.00. Following the transaction, the director directly owned 4,173 shares of the company’s stock, valued at approximately $868,317.84. This represents a 31.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Eagle Materials Trading Down 1.0%

EXP opened at $210.35 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 2.72. Eagle Materials Inc has a one year low of $191.91 and a one year high of $265.42. The company has a market cap of $6.74 billion, a P/E ratio of 15.52 and a beta of 1.37. The business’s 50-day simple moving average is $216.38 and its 200-day simple moving average is $221.90.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.12). The business had revenue of $638.91 million for the quarter, compared to analysts’ expectations of $635.55 million. Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.Eagle Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.31 EPS. As a group, equities research analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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

Eagle Materials Company 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.