Larson Financial Group LLC Buys 176 Shares of Eagle Materials Inc. (NYSE:EXP)

Larson Financial Group LLC boosted its stake in Eagle Materials Inc. (NYSE:EXP) by 118.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325 shares of the construction company’s stock after purchasing an additional 176 shares during the quarter. Larson Financial Group LLC’s holdings in Eagle Materials were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EXP. CWM LLC raised its position in shares of Eagle Materials by 102.0% during the 3rd quarter. CWM LLC now owns 1,685 shares of the construction company’s stock valued at $281,000 after buying an additional 851 shares in the last quarter. Private Trust Co. NA raised its position in Eagle Materials by 277.4% during the third quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock valued at $33,000 after purchasing an additional 147 shares in the last quarter. Simplicity Solutions LLC lifted its stake in Eagle Materials by 18.2% during the third quarter. Simplicity Solutions LLC now owns 3,656 shares of the construction company’s stock worth $609,000 after purchasing an additional 564 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Eagle Materials in the 3rd quarter worth about $379,000. Finally, Callahan Advisors LLC increased its position in shares of Eagle Materials by 13.8% during the 3rd quarter. Callahan Advisors LLC now owns 37,534 shares of the construction company’s stock valued at $6,250,000 after purchasing an additional 4,541 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Performance

NYSE:EXP opened at $253.93 on Friday. The stock has a market cap of $8.75 billion, a P/E ratio of 17.92 and a beta of 1.34. The firm’s fifty day simple moving average is $255.52 and its 200 day simple moving average is $213.95. Eagle Materials Inc. has a twelve month low of $143.44 and a twelve month high of $272.72. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.16. The business had revenue of $558.83 million for the quarter, compared to analysts’ expectations of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. As a group, research analysts predict that Eagle Materials Inc. will post 14.23 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.06%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EXP shares. Raymond James boosted their target price on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Citigroup upped their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and lifted their target price for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Finally, StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $263.50.

Insider Activity at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 638 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total transaction of $149,974.66. Following the completion of the transaction, the senior vice president now owns 14,393 shares of the company’s stock, valued at $3,383,362.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Eagle Materials news, Director David B. Powers sold 3,347 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the transaction, the director now owns 655 shares of the company’s stock, valued at $157,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tony Thompson sold 638 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $235.07, for a total value of $149,974.66. Following the transaction, the senior vice president now directly owns 14,393 shares of the company’s stock, valued at approximately $3,383,362.51. The disclosure for this sale can be found here. Insiders have sold a total of 10,090 shares of company stock worth $2,401,577 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

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; 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.