Trajan Wealth LLC Invests $251,000 in Eagle Materials Inc. (NYSE:EXP)

Trajan Wealth LLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 874 shares of the construction company’s stock, valued at approximately $251,000.

Several other large investors also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC raised its stake in shares of Eagle Materials by 79.2% during the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after acquiring an additional 42 shares in the last quarter. Bessemer Group Inc. increased its holdings in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC purchased a new position in Eagle Materials during the 1st quarter worth $42,000. McClarren Financial Advisors Inc. raised its position in Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after purchasing an additional 215 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in shares of Eagle Materials by 1,760.0% in the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after buying an additional 176 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

NYSE EXP opened at $288.55 on Thursday. Eagle Materials Inc. has a 12-month low of $152.59 and a 12-month high of $306.36. The firm’s fifty day simple moving average is $276.84 and its two-hundred day simple moving average is $252.76. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $9.77 billion, a P/E ratio of 21.19 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $4.28 earnings per share. Analysts forecast that Eagle Materials Inc. will post 15.9 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, September 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Tuesday, September 17th. Eagle Materials’s payout ratio is currently 7.34%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EXP shares. Stephens lifted their price objective on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup increased their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group upped their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of “Moderate Buy” and an average price target of $302.67.

Insider Buying and Selling

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

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.