Creative Planning Decreases Stock Position in Eagle Materials Inc $EXP

Creative Planning cut its stake in Eagle Materials Inc (NYSE:EXP) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,879 shares of the construction company’s stock after selling 657 shares during the quarter. Creative Planning’s holdings in Eagle Materials were worth $1,997,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock worth $475,068,000 after acquiring an additional 339,089 shares during the last quarter. Baupost Group LLC MA raised its position in Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock worth $201,875,000 after purchasing an additional 271,410 shares during the period. William Blair Investment Management LLC lifted its stake in Eagle Materials by 57.2% in the second quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock worth $123,640,000 after purchasing an additional 222,537 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Eagle Materials by 198.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 306,990 shares of the construction company’s stock valued at $62,046,000 after buying an additional 204,060 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Eagle Materials by 193.4% during the first quarter. American Century Companies Inc. now owns 288,123 shares of the construction company’s stock valued at $63,944,000 after buying an additional 189,909 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In other Eagle Materials news, Director David E. Rush acquired 1,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average price of $208.08 per share, with a total value of $208,080.00. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EXP shares. Zacks Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their target price on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Citigroup cut their price target on shares of Eagle Materials from $255.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus set a $246.00 price objective on shares of Eagle Materials in a report on Monday, October 27th. Finally, DA Davidson lowered their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Eagle Materials currently has a consensus rating of “Hold” and a consensus price target of $243.30.

Eagle Materials Stock Performance

EXP stock opened at $219.52 on Wednesday. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $313.86. The business has a 50-day moving average price of $223.44 and a 200 day moving average price of $220.84. The company has a market capitalization of $7.04 billion, a P/E ratio of 16.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26.

Eagle Materials (NYSE:EXP) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $635.55 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.31 earnings per share. As a group, equities research analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 15th will be issued 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 presently 7.38%.

Eagle Materials Profile

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.