Davidson Capital Management Inc. Has $3.66 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Davidson Capital Management Inc. cut its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,731 shares of the construction company's stock after selling 2,045 shares during the quarter. Eagle Materials comprises 1.1% of Davidson Capital Management Inc.'s investment portfolio, making the stock its 8th biggest holding. Davidson Capital Management Inc.'s holdings in Eagle Materials were worth $3,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXP. TD Asset Management Inc increased its position in Eagle Materials by 5.5% during the 1st quarter. TD Asset Management Inc now owns 919,714 shares of the construction company's stock valued at $249,932,000 after buying an additional 47,744 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Eagle Materials by 25.2% during the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock valued at $175,111,000 after purchasing an additional 162,049 shares during the period. William Blair Investment Management LLC boosted its holdings in Eagle Materials by 4.9% in the second quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company's stock worth $129,449,000 after purchasing an additional 28,003 shares during the last quarter. Federated Hermes Inc. grew its position in Eagle Materials by 33.4% in the 2nd 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 period. Finally, Captrust Financial Advisors raised its stake in Eagle Materials by 61.6% during the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company's stock valued at $138,485,000 after buying an additional 194,342 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $16,135,778.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Dale Craig Kesler sold 5,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 7,851 shares of company stock valued at $2,124,258 in the last quarter. 1.60% of the stock is currently owned by insiders.

Eagle Materials Price Performance

Shares of EXP traded down $6.34 during trading hours on Tuesday, reaching $282.70. 517,306 shares of the stock traded hands, compared to its average volume of 308,263. Eagle Materials Inc. has a 52-week low of $148.20 and a 52-week high of $306.36. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a market cap of $9.57 billion, a P/E ratio of 21.23 and a beta of 1.32. The company's 50-day moving average price is $275.51 and its two-hundred day moving average price is $252.31.

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

Eagle Materials Dividend Announcement

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

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.