Janney Montgomery Scott LLC increased its position in shares of Eagle Materials Inc (NYSE:EXP) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,544 shares of the construction company’s stock after buying an additional 1,052 shares during the period. Janney Montgomery Scott LLC’s holdings in Eagle Materials were worth $1,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXP. IFP Advisors Inc increased its position in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares during the period. Coldstream Capital Management Inc. increased its position in Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares during the period. M&T Bank Corp increased its position in Eagle Materials by 14.8% in the first quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock worth $228,000 after buying an additional 302 shares during the period. Oakbrook Investments LLC increased its position in Eagle Materials by 7.6% in the second quarter. Oakbrook Investments LLC now owns 2,400 shares of the construction company’s stock worth $222,000 after buying an additional 170 shares during the period. Finally, Greenwood Capital Associates LLC increased its position in Eagle Materials by 1.2% in the first quarter. Greenwood Capital Associates LLC now owns 2,431 shares of the construction company’s stock worth $236,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Eagle Materials Inc (NYSE:EXP) opened at 88.58 on Friday. The company has a market capitalization of $4.30 billion, a P/E ratio of 20.60 and a beta of 1.23. The stock has a 50 day moving average of $92.34 and a 200-day moving average of $97.53. Eagle Materials Inc has a 52-week low of $73.27 and a 52-week high of $110.64.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The firm had revenue of $366.10 million for the quarter, compared to the consensus estimate of $369.68 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. On average, equities analysts forecast that Eagle Materials Inc will post $5.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. Eagle Materials’s dividend payout ratio is currently 9.30%.

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A number of research firms have commented on EXP. BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $104.67.

In other Eagle Materials news, insider Gerald J. Essl sold 2,000 shares of Eagle Materials stock in a transaction on Friday, August 4th. The shares were sold at an average price of $93.40, for a total transaction of $186,800.00. Following the sale, the insider now owns 39,859 shares in the company, valued at $3,722,830.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James H. Graass sold 10,000 shares of Eagle Materials stock in a transaction on Friday, May 19th. The stock was sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the sale, the executive vice president now owns 69,653 shares in the company, valued at approximately $7,034,953. The disclosure for this sale can be found here. Insiders have sold 23,317 shares of company stock worth $2,255,732 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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

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