Eagle Materials Inc $EXP Shares Acquired by Aristides Capital LLC

Aristides Capital LLC boosted its holdings in Eagle Materials Inc (NYSE:EXP) by 207.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,561 shares of the construction company’s stock after purchasing an additional 3,754 shares during the quarter. Aristides Capital LLC’s holdings in Eagle Materials were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new stake in Eagle Materials in the 2nd quarter valued at about $63,000. Quadrant Capital Group LLC increased its position in Eagle Materials by 69.8% during the second quarter. Quadrant Capital Group LLC now owns 2,884 shares of the construction company’s stock worth $583,000 after purchasing an additional 1,186 shares during the last quarter. Choreo LLC raised its stake in Eagle Materials by 46.3% during the second quarter. Choreo LLC now owns 1,693 shares of the construction company’s stock worth $342,000 after purchasing an additional 536 shares during the period. Russell Investments Group Ltd. raised its stake in Eagle Materials by 4.6% during the second quarter. Russell Investments Group Ltd. now owns 23,117 shares of the construction company’s stock worth $4,672,000 after purchasing an additional 1,011 shares during the period. Finally, Financial Advocates Investment Management acquired a new position in shares of Eagle Materials in the 2nd quarter valued at $332,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 0.8%

NYSE:EXP opened at $221.22 on Thursday. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 16.29 and a beta of 1.31. Eagle Materials Inc has a one year low of $191.91 and a one year high of $312.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The business’s 50-day simple moving average is $223.26 and its 200 day simple moving average is $220.84.

Eagle Materials (NYSE:EXP) last posted 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 for the quarter, compared to analysts’ expectations of $635.55 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.Eagle Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.31 earnings per share. As a group, sell-side analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

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

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 stock was bought at an average cost 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 approximately $868,317.84. The trade was a 31.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Wells Fargo & Company lowered their price target on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $226.00 price objective on shares of Eagle Materials in a research note on Monday, November 3rd. Finally, Stifel Nicolaus set a $246.00 target price on Eagle Materials in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $243.30.

About Eagle Materials

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.