Eagle Materials Inc. (NYSE:EXP) Holdings Boosted by Linscomb Wealth Inc.

Linscomb Wealth Inc. boosted its position in shares of Eagle Materials Inc. (NYSE:EXP) by 8.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,497 shares of the construction company’s stock after buying an additional 655 shares during the quarter. Linscomb Wealth Inc.’s holdings in Eagle Materials were worth $2,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXP. Headlands Technologies LLC purchased a new position in shares of Eagle Materials during the 1st quarter valued at $55,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Eagle Materials by 6.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,249 shares of the construction company’s stock valued at $11,481,000 after acquiring an additional 2,622 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Eagle Materials during the 1st quarter valued at $212,000. Blair William & Co. IL lifted its stake in shares of Eagle Materials by 1.9% in the 1st quarter. Blair William & Co. IL now owns 10,151 shares of the construction company’s stock valued at $2,759,000 after purchasing an additional 192 shares during the last quarter. Finally, M&G Plc acquired a new stake in shares of Eagle Materials in the 1st quarter valued at $9,628,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

NYSE EXP opened at $301.67 on Friday. The stock has a market cap of $10.12 billion, a P/E ratio of 21.30 and a beta of 1.32. The company’s 50-day simple moving average is $288.92 and its 200 day simple moving average is $257.18. Eagle Materials Inc. has a twelve month low of $172.20 and a twelve month high of $317.00. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.28 EPS. As a group, research analysts forecast that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.33%. Eagle Materials’s dividend payout ratio is 7.06%.

Analyst Ratings Changes

EXP has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Jefferies Financial Group boosted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stephens boosted their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup boosted their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.78.

Insiders Place Their Bets

In related news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Eagle Materials Company 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.