John G Ullman & Associates Inc. Purchases 8,725 Shares of Eagle Materials Inc $EXP

John G Ullman & Associates Inc. grew its position in Eagle Materials Inc (NYSE:EXP) by 55.3% during the third quarter, HoldingsChannel.com reports. The firm owned 24,500 shares of the construction company’s stock after buying an additional 8,725 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Eagle Materials were worth $5,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Eagle Materials in the 2nd quarter valued at approximately $87,626,000. American Century Companies Inc. grew its stake in shares of Eagle Materials by 80.9% during the 2nd quarter. American Century Companies Inc. now owns 521,276 shares of the construction company’s stock worth $105,356,000 after acquiring an additional 233,153 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Eagle Materials by 57.2% during the 2nd quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock worth $123,640,000 after acquiring an additional 222,537 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of Eagle Materials by 36.0% in the second quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after purchasing an additional 219,627 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Eagle Materials by 61.1% in the third quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company’s stock worth $116,630,000 after purchasing an additional 189,725 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EXP shares. Citigroup decreased their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday. Stifel Nicolaus set a $246.00 price objective on shares of Eagle Materials in a research note on Monday, October 27th. Wells Fargo & Company decreased their price objective on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $226.00 price target on shares of Eagle Materials in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $231.90.

Eagle Materials Stock Down 2.5%

Shares of EXP stock opened at $223.55 on Friday. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $262.81. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 16.92 and a beta of 1.38. The firm’s 50-day moving average is $220.68 and its 200-day moving average is $224.12. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The business had revenue of $555.96 million for the quarter, compared to the consensus estimate of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.59 EPS. Sell-side analysts predict that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s payout ratio is presently 7.57%.

Eagle Materials Company Profile

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.