Fort Washington Investment Advisors Inc. OH Purchases 36,642 Shares of Eagle Materials Inc $EXP

Fort Washington Investment Advisors Inc. OH raised its position in Eagle Materials Inc (NYSE:EXP) by 28.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 165,382 shares of the construction company’s stock after purchasing an additional 36,642 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Eagle Materials were worth $28,284,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Eagle Materials during the second quarter worth about $688,486,000. W1M Asset Management Ltd acquired a new position in shares of Eagle Materials in the second quarter worth about $155,199,000. William Blair Investment Management LLC acquired a new position in shares of Eagle Materials in the second quarter worth about $129,760,000. Bank of America Corp DE acquired a new position in shares of Eagle Materials in the second quarter worth about $66,255,000. Finally, Bank of New York Mellon Corp purchased a new position in Eagle Materials in the second quarter valued at about $51,858,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eagle Materials

In related news, SVP Tony Thompson sold 3,074 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $203.96, for a total transaction of $626,973.04. Following the completion of the transaction, the senior vice president directly owned 10,142 shares in the company, valued at $2,068,562.32. This represents a 23.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price objective on Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 8th. Royal Bank Of Canada cut their target price on Eagle Materials from $219.00 to $170.00 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. Stephens upped their target price on Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research note on Friday, September 11th. Finally, Citigroup reduced their target price on Eagle Materials from $232.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Ten equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $199.56.

Eagle Materials Stock Performance

Shares of EXP stock opened at $170.61 on Friday. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average of $187.22 and a two-hundred day moving average of $201.36. Eagle Materials Inc has a 52 week low of $160.02 and a 52 week high of $245.53. The company has a market cap of $5.23 billion, a P/E ratio of 13.49 and a beta of 1.33.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The company had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.76 earnings per share. As a group, analysts anticipate that Eagle Materials Inc will post 12.66 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, September 14th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Eagle Materials’s payout ratio is currently 7.91%.

Eagle Materials Profile

Eagle Materials Inc (NYSE: EXP) is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.

The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.

Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.