Mariner Investment Group LLC Invests $288,000 in Eagle Materials Inc. (NYSE:EXP)

Mariner Investment Group LLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,000 shares of the construction company’s stock, valued at approximately $288,000. Eagle Materials accounts for 0.1% of Mariner Investment Group LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds also recently bought and sold shares of EXP. Central Pacific Bank Trust Division purchased a new position in shares of Eagle Materials during the first quarter worth approximately $181,000. Larson Financial Group LLC raised its position in Eagle Materials by 105.5% during the 1st quarter. Larson Financial Group LLC now owns 668 shares of the construction company’s stock valued at $182,000 after purchasing an additional 343 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Eagle Materials in the 1st quarter worth $249,000. McClarren Financial Advisors Inc. grew its position in shares of Eagle Materials by 27,100.0% during the 1st quarter. McClarren Financial Advisors Inc. now owns 272 shares of the construction company’s stock worth $74,000 after buying an additional 271 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of Eagle Materials during the first quarter valued at $313,000. Institutional investors own 96.07% of the company’s stock.

Insider Activity

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXP shares. Raymond James cut shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup boosted their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stephens raised their price objective on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group boosted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.67.

Eagle Materials Price Performance

NYSE EXP opened at $287.49 on Monday. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 20.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.17. The stock’s fifty day moving average price is $277.89 and its 200 day moving average price is $253.28. Eagle Materials Inc. has a 1 year low of $161.05 and a 1 year high of $306.36.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The firm had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter in the previous year, the business earned $4.28 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Eagle Materials Inc. will post 15.45 earnings per share for the current year.

Eagle Materials 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.