Advisors Asset Management Inc. Has $5.91 Million Stake in Eagle Materials Inc $EXP

Advisors Asset Management Inc. cut its position in shares of Eagle Materials Inc (NYSE:EXP) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,255 shares of the construction company’s stock after selling 936 shares during the quarter. Advisors Asset Management Inc. owned about 0.09% of Eagle Materials worth $5,913,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EXP. JPMorgan Chase & Co. boosted its position in Eagle Materials by 18.8% during the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock valued at $475,068,000 after acquiring an additional 339,089 shares during the last quarter. Baupost Group LLC MA lifted its stake in shares of Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock valued at $201,875,000 after purchasing an additional 271,410 shares during the period. American Century Companies Inc. boosted its position in shares of Eagle Materials by 80.9% during the 2nd quarter. American Century Companies Inc. now owns 521,276 shares of the construction company’s stock valued at $105,356,000 after purchasing an additional 233,153 shares in the last quarter. William Blair Investment Management LLC grew its stake in Eagle Materials by 57.2% during the second quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock worth $123,640,000 after purchasing an additional 222,537 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Eagle Materials by 198.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 306,990 shares of the construction company’s stock worth $62,046,000 after purchasing an additional 204,060 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Eagle Materials

In other news, Director David E. Rush purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the completion of the acquisition, the director owned 4,173 shares in the company, valued at $868,317.84. This trade represents a 31.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EXP shares. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Stifel Nicolaus set a $246.00 target price on shares of Eagle Materials in a research note on Monday, October 27th. Wells Fargo & Company decreased their price target on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Loop Capital upped their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reduced their target price on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Eagle Materials has an average rating of “Hold” and an average target price of $243.30.

Eagle Materials Price Performance

EXP stock opened at $221.22 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The business has a 50-day simple moving average of $223.26 and a two-hundred day simple moving average of $220.84. The company has a market capitalization of $7.09 billion, a P/E ratio of 16.29 and a beta of 1.31. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $312.67.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.12). The company had revenue of $638.91 million for the quarter, compared to analysts’ expectations of $635.55 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.31 EPS. Research analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced 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 dividend payout ratio is currently 7.38%.

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.