Crossmark Global Holdings Inc. Purchases Shares of 7,543 Eagle Materials Inc (EXP)

Crossmark Global Holdings Inc. purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,543 shares of the construction company’s stock, valued at approximately $805,000.

A number of other hedge funds have also made changes to their positions in the business. Bank of Montreal Can boosted its position in Eagle Materials by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after acquiring an additional 17 shares during the period. Greenwood Capital Associates LLC boosted its position in Eagle Materials by 1.0% during the 2nd quarter. Greenwood Capital Associates LLC now owns 2,456 shares of the construction company’s stock worth $227,000 after acquiring an additional 25 shares during the period. World Asset Management Inc boosted its position in Eagle Materials by 2.7% during the 2nd quarter. World Asset Management Inc now owns 3,480 shares of the construction company’s stock worth $322,000 after acquiring an additional 90 shares during the period. IFP Advisors Inc boosted its position in Eagle Materials by 8.3% during the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after acquiring an additional 91 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Eagle Materials by 3.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,930 shares of the construction company’s stock worth $363,000 after acquiring an additional 127 shares during the period. Institutional investors own 87.42% of the company’s stock.

Shares of Eagle Materials Inc (EXP) opened at $104.40 on Tuesday. Eagle Materials Inc has a 12 month low of $86.51 and a 12 month high of $110.98. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $5,037.07, a price-to-earnings ratio of 22.87, a PEG ratio of 2.56 and a beta of 1.28.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The firm had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. During the same period in the prior year, the firm posted $1.25 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. research analysts forecast that Eagle Materials Inc will post 5.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s dividend payout ratio is presently 9.17%.

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In other news, SVP William R. Devlin sold 7,183 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $107.00, for a total value of $768,581.00. Following the sale, the senior vice president now owns 28,321 shares of the company’s stock, valued at approximately $3,030,347. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William R. Devlin sold 16,469 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total value of $1,589,423.19. Following the completion of the sale, the senior vice president now directly owns 51,973 shares in the company, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. Insiders sold a total of 79,999 shares of company stock worth $8,060,190 in the last three months. Company insiders own 4.10% of the company’s stock.

EXP has been the subject of a number of analyst reports. Zacks Investment Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub lowered Eagle Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. Finally, Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $110.00.

About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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