Campbell & CO Investment Adviser LLC Sells 3,338 Shares of Eagle Materials Inc $EXP

Campbell & CO Investment Adviser LLC decreased its position in Eagle Materials Inc (NYSE:EXP) by 74.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,121 shares of the construction company’s stock after selling 3,338 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Eagle Materials were worth $261,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Eagle Materials by 130.9% during the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after purchasing an additional 72 shares during the period. Hantz Financial Services Inc. boosted its stake in Eagle Materials by 7,750.0% during the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after buying an additional 155 shares in the last quarter. MAI Capital Management boosted its stake in Eagle Materials by 3,060.0% during the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after buying an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after buying an additional 87 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling

In related news, Director David E. Rush acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average price of $208.08 per share, with a total value of $208,080.00. Following the acquisition, the director directly owned 4,173 shares in the company, valued at $868,317.84. The trade was a 31.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Eagle Materials Stock Down 1.1%

NYSE EXP opened at $223.72 on Friday. The stock’s 50 day simple moving average is $219.32 and its 200 day simple moving average is $224.22. Eagle Materials Inc has a one year low of $191.91 and a one year high of $265.42. The firm has a market cap of $7.17 billion, a PE ratio of 16.51 and a beta of 1.36. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.72 and a quick ratio of 1.22.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share (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 the consensus estimate of $635.55 million. Eagle Materials had a net margin of 19.41% and a return on equity of 30.13%. The company’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 posted $4.31 EPS. As a group, sell-side analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 15th were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 15th. This represents a $1.00 annualized dividend and a yield of 0.4%. Eagle Materials’s dividend payout ratio is 7.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EXP shares. Stephens reaffirmed an “equal weight” rating and set a $245.00 price objective on shares of Eagle Materials in a report on Tuesday. Wells Fargo & Company dropped their price target on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. DA Davidson lowered their price objective on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Stifel Nicolaus set a $246.00 target price on Eagle Materials in a report on Monday, October 27th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus target price of $235.20.

About Eagle Materials

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.