Centaurus Financial Inc. Invests $604,000 in Eagle Materials Inc $EXP

Centaurus Financial Inc. purchased a new position in shares of Eagle Materials Inc (NYSE:EXP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,685 shares of the construction company’s stock, valued at approximately $604,000.

Several other institutional investors have also recently bought and sold shares of EXP. BlackRock Inc. acquired a new position in Eagle Materials in the second quarter worth $688,486,000. W1M Asset Management Ltd bought a new position in shares of Eagle Materials in the second quarter valued at about $155,199,000. William Blair Investment Management LLC bought a new position in shares of Eagle Materials in the second quarter valued at about $129,760,000. Black Creek Investment Management Inc. acquired a new position in Eagle Materials during the 4th quarter worth about $103,778,000. Finally, Norges Bank bought a new stake in Eagle Materials during the 4th quarter worth about $90,147,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Eagle Materials stock opened at $197.88 on Friday. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $6.07 billion, a P/E ratio of 15.64 and a beta of 1.38. The business has a 50-day moving average of $211.72 and a 200-day moving average of $208.40. Eagle Materials Inc has a 1 year low of $171.99 and a 1 year high of $245.53.

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). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm had revenue of $650.97 million during the quarter, compared to analyst estimates of $620.35 million. During the same quarter in the prior year, the business earned $3.76 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that Eagle Materials Inc will post 12.66 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is 7.91%.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Eagle Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. DA Davidson started coverage on shares of Eagle Materials in a report on Monday. They issued a “neutral” rating and a $220.00 price target for the company. Citigroup dropped their price objective on shares of Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Wells Fargo & Company lowered their target price on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $223.67.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 3,074 shares of Eagle Materials stock in a transaction on Monday, August 24th. The shares were sold at an average price of $203.96, for a total transaction of $626,973.04. Following the transaction, the senior vice president directly owned 10,142 shares of the company’s stock, valued at $2,068,562.32. This trade represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.