Eagle Materials Inc $EXP Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its stake in shares of Eagle Materials Inc (NYSE:EXP) by 486.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,252 shares of the construction company’s stock after purchasing an additional 11,823 shares during the quarter. Osaic Holdings Inc.’s holdings in Eagle Materials were worth $3,047,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sheets Smith Wealth Management boosted its holdings in Eagle Materials by 2.0% during the second quarter. Sheets Smith Wealth Management now owns 2,750 shares of the construction company’s stock worth $556,000 after buying an additional 54 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Eagle Materials by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 1,474 shares of the construction company’s stock worth $298,000 after acquiring an additional 56 shares during the period. Blue Trust Inc. grew its holdings in shares of Eagle Materials by 5.2% in the 2nd quarter. Blue Trust Inc. now owns 1,146 shares of the construction company’s stock worth $232,000 after acquiring an additional 57 shares during the period. Fulton Bank N.A. increased its stake in Eagle Materials by 6.1% in the 2nd quarter. Fulton Bank N.A. now owns 1,084 shares of the construction company’s stock valued at $219,000 after purchasing an additional 62 shares in the last quarter. Finally, Tectonic Advisors LLC raised its holdings in Eagle Materials by 0.6% during the second quarter. Tectonic Advisors LLC now owns 9,652 shares of the construction company’s stock worth $1,951,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $215.09 on Friday. The company has a 50-day simple moving average of $217.49 and a 200-day simple moving average of $221.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.72 and a quick ratio of 1.22. The company has a market cap of $6.90 billion, a PE ratio of 15.87 and a beta of 1.37. Eagle Materials Inc has a 12 month low of $191.91 and a 12 month high of $265.42.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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 analysts’ expectations of $635.55 million. Eagle Materials had a net margin of 19.41% and a return on equity of 30.13%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.31 EPS. On average, equities analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be given a $0.25 dividend. 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 0.5%. Eagle Materials’s payout ratio is currently 7.38%.

Insiders Place Their Bets

In other Eagle Materials news, Director David E. Rush purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of $208.08 per share, with a total value of $208,080.00. Following the purchase, the director owned 4,173 shares in the company, valued at approximately $868,317.84. This represents a 31.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a report on Monday, December 15th. Citigroup dropped their price objective 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. Finally, DA Davidson reduced their target price on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $236.30.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.