First Dallas Securities Inc. Has $3.19 Million Stock Holdings in Eagle Materials Inc $EXP

First Dallas Securities Inc. grew its stake in Eagle Materials Inc (NYSE:EXP) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 15,781 shares of the construction company’s stock after purchasing an additional 330 shares during the quarter. Eagle Materials makes up 1.3% of First Dallas Securities Inc.’s holdings, making the stock its 22nd largest holding. First Dallas Securities Inc.’s holdings in Eagle Materials were worth $3,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hantz Financial Services Inc. boosted its position in Eagle Materials by 7,750.0% during the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Eagle Materials during the 1st quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after buying an additional 80 shares during the last quarter. Assetmark Inc. grew its stake in shares of Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after buying an additional 326 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock valued at $103,000 after buying an additional 131 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $206.47 on Monday. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 15.20 and a beta of 1.31. The company has a 50-day simple moving average of $229.85 and a 200 day simple moving average of $222.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The company had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. During the same quarter last year, the business earned $4.31 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EXP shares. Loop Capital upped their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, July 30th. DA Davidson lowered their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company cut their target price on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. 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. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Eagle Materials currently has an average rating of “Hold” and a consensus price target of $244.80.

Insiders Place Their Bets

In other news, Director David E. Rush purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of $208.08 per share, with a total value of $208,080.00. Following the acquisition, the director owned 4,173 shares in the company, valued at approximately $868,317.84. This trade represents a 31.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% 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, 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.