Venturi Wealth Management LLC Takes $170,000 Position in Eagle Materials Inc. (NYSE:EXP)

Venturi Wealth Management LLC bought a new stake in Eagle Materials Inc. (NYSE:EXP) in the fourth quarter, HoldingsChannel reports. The firm bought 688 shares of the construction company’s stock, valued at approximately $170,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXP. Creative Planning lifted its stake in shares of Eagle Materials by 3.7% in the 3rd quarter. Creative Planning now owns 10,327 shares of the construction company’s stock valued at $2,971,000 after purchasing an additional 368 shares during the period. Blue Trust Inc. lifted its stake in shares of Eagle Materials by 26.3% in the 3rd quarter. Blue Trust Inc. now owns 859 shares of the construction company’s stock valued at $247,000 after purchasing an additional 179 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of Eagle Materials in the 3rd quarter valued at approximately $217,000. Sequoia Financial Advisors LLC purchased a new position in Eagle Materials during the third quarter valued at $236,000. Finally, Ballentine Partners LLC purchased a new position in Eagle Materials during the third quarter valued at $271,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and lowered their price objective for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $296.80.

Eagle Materials Stock Down 3.6 %

Eagle Materials stock opened at $224.46 on Friday. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 16.03 and a beta of 1.37. The stock has a fifty day simple moving average of $250.69 and a two-hundred day simple moving average of $270.35. Eagle Materials Inc. has a 12 month low of $211.44 and a 12 month high of $321.93. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Equities analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s payout ratio is currently 7.14%.

Insider Buying and Selling

In other news, Director Michael R. Nicolais acquired 310 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the acquisition, the director now directly owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Eagle Materials Company 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.