Eagle Materials Inc. (NYSE:EXP) Stock Holdings Boosted by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd boosted its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 400.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,978 shares of the construction company's stock after purchasing an additional 10,384 shares during the quarter. Eagle Materials comprises about 1.1% of Ausbil Investment Management Ltd's holdings, making the stock its 28th largest position. Ausbil Investment Management Ltd's holdings in Eagle Materials were worth $3,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baupost Group LLC MA acquired a new position in shares of Eagle Materials in the first quarter valued at approximately $71,199,000. Captrust Financial Advisors grew its stake in Eagle Materials by 61.6% in the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company's stock worth $138,485,000 after acquiring an additional 194,342 shares during the period. Jupiter Asset Management Ltd. raised its holdings in Eagle Materials by 3,537.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 172,779 shares of the construction company's stock valued at $46,953,000 after acquiring an additional 168,029 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in shares of Eagle Materials by 25.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock worth $175,111,000 after purchasing an additional 162,049 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock worth $115,189,000 after purchasing an additional 132,677 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the transaction, the chief financial officer now directly owns 60,488 shares in the company, valued at $16,135,778.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director George John Damiris sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the completion of the transaction, the chief financial officer now directly owns 60,488 shares of the company's stock, valued at approximately $16,135,778.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,851 shares of company stock worth $2,124,258. Insiders own 1.60% of the company's stock.

Eagle Materials Stock Up 1.0 %

Eagle Materials stock traded up $3.00 during trading on Thursday, reaching $289.54. 397,481 shares of the company's stock were exchanged, compared to its average volume of 307,371. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week high of $306.36. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 20.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. The company's 50-day moving average is $273.14 and its two-hundred day moving average is $251.73.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.37. The business had revenue of $608.69 million during the quarter, compared to analyst estimates of $622.06 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The business's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $3.55 EPS. On average, analysts predict that Eagle Materials Inc. will post 15.9 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Tuesday, September 17th. Eagle Materials's payout ratio is currently 7.34%.

Wall Street Analyst Weigh In

EXP has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. Stephens boosted their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Citigroup increased their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group lifted their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $297.78.

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.