Premier Fund Managers Ltd Has $6.13 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

Premier Fund Managers Ltd boosted its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,380 shares of the construction company's stock after purchasing an additional 3,200 shares during the quarter. Premier Fund Managers Ltd owned approximately 0.06% of Eagle Materials worth $6,129,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC acquired a new position in shares of Eagle Materials during the first quarter valued at approximately $212,000. Acadian Asset Management LLC purchased a new stake in shares of Eagle Materials in the first quarter worth approximately $42,000. O Shaughnessy Asset Management LLC lifted its position in Eagle Materials by 14.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,580 shares of the construction company's stock worth $1,788,000 after buying an additional 809 shares in the last quarter. Bessemer Group Inc. boosted its position in Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Eagle Materials by 0.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,986 shares of the construction company's stock valued at $5,705,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Citigroup lifted 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. JPMorgan Chase & Co. upped their price objective on Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Finally, Stephens upped their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Eagle Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.78.

Insider Activity

In other news, Director George John Damiris sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares of the company's stock, valued at $4,148,568. The trade was a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Eagle Materials Trading Up 0.2 %

NYSE:EXP traded up $0.57 during trading hours on Wednesday, hitting $300.22. 48,154 shares of the stock were exchanged, compared to its average volume of 303,384. The company has a market capitalization of $10.07 billion, a P/E ratio of 21.17 and a beta of 1.32. Eagle Materials Inc. has a twelve month low of $175.94 and a twelve month high of $317.00. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The company's 50 day moving average is $291.05 and its two-hundred day moving average is $257.84.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. During the same period last year, the firm earned $4.28 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Eagle Materials's dividend payout ratio is presently 7.06%.

Eagle Materials 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.