Eagle Materials Inc $EXP Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Eagle Materials Inc (NYSE:EXP) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,380 shares of the construction company’s stock after acquiring an additional 13,104 shares during the period. American Century Companies Inc. owned approximately 1.67% of Eagle Materials worth $124,532,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC grew its stake in shares of Eagle Materials by 1.5% during the 3rd quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock worth $690,000 after purchasing an additional 45 shares during the period. Sheets Smith Wealth Management grew its position in Eagle Materials by 1.8% during the third quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock valued at $652,000 after buying an additional 49 shares during the period. Smartleaf Asset Management LLC increased its holdings in Eagle Materials by 20.3% in the third quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after buying an additional 55 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Eagle Materials by 3.9% in the second 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. Finally, BCS Private Wealth Management Inc. raised its position in shares of Eagle Materials by 3.5% in the third quarter. BCS Private Wealth Management Inc. now owns 1,799 shares of the construction company’s stock worth $420,000 after acquiring an additional 60 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on EXP. Jefferies Financial Group reissued a “hold” rating and issued a $226.00 price target on shares of Eagle Materials in a research note on Monday, November 3rd. Truist Financial reaffirmed a “hold” rating and set a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Stephens reiterated an “equal weight” rating and issued a $245.00 target price on shares of Eagle Materials in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 29th. Finally, Wells Fargo & Company decreased their price target on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and a consensus target price of $228.36.

Eagle Materials Trading Down 1.1%

EXP opened at $223.73 on Monday. The business has a fifty day simple moving average of $223.09 and a 200-day simple moving average of $224.72. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $243.64. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The firm has a market cap of $7.03 billion, a P/E ratio of 16.94 and a beta of 1.35.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The business had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same quarter last year, the firm earned $3.59 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, equities analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio is currently 7.57%.

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.