Baupost Group LLC MA Has $136.68 Million Holdings in Eagle Materials Inc $EXP

Baupost Group LLC MA decreased its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 25.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 676,257 shares of the construction company’s stock after selling 233,376 shares during the quarter. Eagle Materials makes up about 3.3% of Baupost Group LLC MA’s investment portfolio, making the stock its 12th biggest holding. Baupost Group LLC MA owned 2.08% of Eagle Materials worth $136,678,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EXP. Hantz Financial Services Inc. grew its stake in Eagle Materials by 7,750.0% in the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Eagle Materials by 3,060.0% in the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after buying an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after buying an additional 87 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Eagle Materials in the first quarter valued at $41,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after buying an additional 80 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

EXP opened at $221.91 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 2.72. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $301.35. The firm has a market cap of $7.11 billion, a P/E ratio of 16.38 and a beta of 1.37. The business’s fifty day moving average is $222.14 and its 200-day moving average is $220.19.

Eagle Materials (NYSE:EXP) last posted its quarterly 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 firm had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.31 EPS. Sell-side analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Monday, December 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th. Eagle Materials’s dividend payout ratio is presently 7.38%.

Insider Buying and Selling

In other news, Director David E. Rush purchased 1,000 shares of Eagle Materials stock in a transaction dated Wednesday, November 5th. The shares were bought 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 approximately $868,317.84. This trade represents a 31.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday. Wells Fargo & Company cut their target price 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. Jefferies Financial Group reissued a “hold” rating and set a $226.00 price target on shares of Eagle Materials in a research report on Monday, November 3rd. Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $246.00 target price on Eagle Materials in a research note on Monday, October 27th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Eagle Materials presently has a consensus rating of “Hold” and a consensus price target of $243.30.

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.