American Century Companies Inc. grew its holdings in Eagle Materials Inc. (NYSE:EXP – Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,662 shares of the construction company’s stock after purchasing an additional 5,938 shares during the quarter. American Century Companies Inc. owned 0.45% of Eagle Materials worth $23,695,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in EXP. Point72 Middle East FZE purchased a new position in shares of Eagle Materials in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC boosted its stake in shares of Eagle Materials by 681.5% in the first quarter. Global Retirement Partners LLC now owns 211 shares of the construction company’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Byrne Asset Management LLC purchased a new position in shares of Eagle Materials in the first quarter valued at approximately $34,000. Harbor Investment Advisory LLC purchased a new position in shares of Eagle Materials in the first quarter valued at approximately $34,000. Finally, Parallel Advisors LLC boosted its stake in shares of Eagle Materials by 372.7% in the first quarter. Parallel Advisors LLC now owns 312 shares of the construction company’s stock valued at $46,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 92.57% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Raymond James raised their price objective on shares of Eagle Materials from $176.00 to $193.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Citigroup raised their target price on shares of Eagle Materials from $215.00 to $219.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Jefferies Financial Group raised their target price on shares of Eagle Materials from $195.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, July 13th. DA Davidson raised their target price on shares of Eagle Materials from $140.00 to $175.00 in a report on Monday, May 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $230.00 target price on shares of Eagle Materials in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.80.
In other news, EVP Matt Newby sold 4,246 shares of Eagle Materials stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $166.59, for a total value of $707,341.14. Following the transaction, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $3,634,827.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard Ross Stewart sold 1,000 shares of Eagle Materials stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $182.28, for a total value of $182,280.00. Following the transaction, the director now directly owns 9,041 shares in the company, valued at approximately $1,647,993.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Matt Newby sold 4,246 shares of Eagle Materials stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $166.59, for a total transaction of $707,341.14. Following the completion of the transaction, the executive vice president now owns 21,819 shares in the company, valued at $3,634,827.21. The disclosure for this sale can be found here. Insiders have sold 10,246 shares of company stock valued at $1,742,121 in the last ninety days. 1.70% of the stock is currently owned by company insiders.
Eagle Materials Stock Up 0.9 %
EXP stock opened at $187.85 on Thursday. The company’s 50 day moving average is $184.24 and its two-hundred day moving average is $162.48. The stock has a market cap of $6.66 billion, a P/E ratio of 14.33 and a beta of 1.33. Eagle Materials Inc. has a twelve month low of $101.98 and a twelve month high of $194.05. The company has a current ratio of 2.68, a quick ratio of 1.36 and a debt-to-equity ratio of 0.92.
Eagle Materials (NYSE:EXP – Get Free Report) last announced its earnings results on Thursday, July 27th. The construction company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.01. The business had revenue of $601.50 million for the quarter, compared to analysts’ expectations of $603.11 million. Eagle Materials had a net margin of 21.82% and a return on equity of 40.68%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. Research analysts expect that Eagle Materials Inc. will post 13.89 earnings per share for the current fiscal year.
Eagle Materials Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. Eagle Materials’s payout ratio is 7.63%.
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; 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.
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