Caxton Associates LLP Acquires New Holdings in Eagle Materials Inc $EXP

Caxton Associates LLP bought a new position in shares of Eagle Materials Inc (NYSE:EXP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,900 shares of the construction company’s stock, valued at approximately $2,001,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hantz Financial Services Inc. raised its position in shares of Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after acquiring an additional 155 shares in the last quarter. MAI Capital Management boosted its position in Eagle Materials by 3,060.0% during the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after purchasing an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 87 shares during the last quarter. SVB Wealth LLC bought a new position in Eagle Materials in the first quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of 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 valued at $42,000 after buying an additional 80 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the topic of a number of analyst reports. DA Davidson cut their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Citigroup lowered their target price on shares of Eagle Materials from $255.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their price target on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Jefferies Financial Group reiterated a “hold” rating and set a $226.00 price objective on shares of Eagle Materials in a report on Monday, November 3rd. Finally, Zacks Research downgraded Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $243.30.

Eagle Materials Trading Up 0.8%

NYSE:EXP opened at $226.85 on Monday. The company has a market capitalization of $7.27 billion, a P/E ratio of 16.74 and a beta of 1.37. The company has a current ratio of 2.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $277.81. The firm has a fifty day simple moving average of $221.09 and a 200-day simple moving average of $220.56.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The firm had revenue of $638.91 million during the quarter, compared to analysts’ expectations of $635.55 million. During the same quarter last year, the business earned $4.31 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s payout ratio is 7.38%.

Insider Buying and Selling

In other Eagle Materials 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 bought at an average price of $208.08 per share, for a total transaction of $208,080.00. Following the acquisition, the director owned 4,173 shares in the company, valued at $868,317.84. This represents a 31.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% 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.