2,165 Shares in Eagle Materials Inc (NYSE:EXP) Acquired by CCM Investment Group LLC

CCM Investment Group LLC acquired a new position in shares of Eagle Materials Inc (NYSE:EXP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,165 shares of the construction company’s stock, valued at approximately $478,000.

Several other institutional investors also recently bought and sold shares of the business. Transce3nd LLC grew its stake in Eagle Materials by 9.7% during the first quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock worth $122,000 after buying an additional 49 shares during the period. Parallel Advisors LLC grew its stake in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after buying an additional 52 shares during the period. Hsbc Holdings PLC grew its stake in Eagle Materials by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company’s stock worth $240,000 after buying an additional 55 shares during the period. State of Alaska Department of Revenue grew its stake in Eagle Materials by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company’s stock worth $3,868,000 after buying an additional 75 shares during the period. Finally, HighPoint Advisor Group LLC grew its stake in Eagle Materials by 3.8% during the first quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company’s stock worth $468,000 after buying an additional 77 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 0.5%

NYSE EXP opened at $225.29 on Monday. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $321.93. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 16.59 and a beta of 1.24. The company’s fifty day moving average price is $211.33 and its two-hundred day moving average price is $222.36.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. As a group, research 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 disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials’s dividend payout ratio is 7.36%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXP shares. Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the company a “hold” rating in a research note on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 target price on shares of Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, May 21st. Finally, Truist Financial decreased their target price on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $255.33.

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.