Universal Beteiligungs und Servicegesellschaft mbH Buys 2,260 Shares of Eagle Materials Inc $EXP

Universal Beteiligungs und Servicegesellschaft mbH increased its position in Eagle Materials Inc (NYSE:EXP) by 8.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,452 shares of the construction company’s stock after acquiring an additional 2,260 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Eagle Materials worth $6,155,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Choreo LLC bought a new position in Eagle Materials in the 1st quarter valued at $257,000. Madison Asset Management LLC purchased a new stake in shares of Eagle Materials in the first quarter worth $289,000. AE Wealth Management LLC bought a new stake in Eagle Materials during the first quarter valued at $382,000. Avantax Advisory Services Inc. grew its position in Eagle Materials by 12.6% during the first quarter. Avantax Advisory Services Inc. now owns 1,480 shares of the construction company’s stock worth $328,000 after buying an additional 166 shares in the last quarter. Finally, John G Ullman & Associates Inc. purchased a new stake in shares of Eagle Materials in the 1st quarter valued at about $2,841,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EXP. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Loop Capital boosted their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Thursday, November 13th. DA Davidson dropped their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Wells Fargo & Company reduced their target price on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $243.30.

Insider Buying and Selling at Eagle Materials

In related news, Director David E. Rush bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the acquisition, the director directly owned 4,173 shares of the company’s stock, valued at $868,317.84. The trade was a 31.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Eagle Materials Trading Up 3.6%

Shares of EXP opened at $209.86 on Friday. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 15.45 and a beta of 1.31. The firm has a 50 day moving average price of $224.20 and a 200-day moving average price of $221.14. 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 earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). The business had revenue of $638.91 million during the quarter, compared to analysts’ expectations of $635.55 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.Eagle Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.31 EPS. As a group, equities research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be issued a $0.25 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s payout ratio is currently 7.38%.

About Eagle Materials

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.