Eagle Materials Inc. (NYSE:EXP) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 18.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,797 shares of the construction company’s stock after buying an additional 11,702 shares during the period. American Century Companies Inc. owned approximately 0.23% of Eagle Materials worth $16,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC lifted its position in Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after acquiring an additional 42 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Eagle Materials by 3.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock worth $347,000 after purchasing an additional 45 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 16.5% during the first quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after purchasing an additional 54 shares during the period. Arizona State Retirement System grew its position in Eagle Materials by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock valued at $2,097,000 after buying an additional 56 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EXP shares. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Jefferies Financial Group increased their target price on Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Citigroup lifted their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Stephens increased their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $289.78.

Insider Buying and Selling at Eagle Materials

In other news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at $16,135,778.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on 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 directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the transaction, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,851 shares of company stock worth $2,124,258. 1.60% of the stock is owned by insiders.

Eagle Materials Trading Down 1.5 %

Shares of EXP stock opened at $287.67 on Friday. The stock has a market cap of $9.74 billion, a P/E ratio of 21.12 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $293.00. The business has a fifty day simple moving average of $250.56 and a 200-day simple moving average of $246.93.

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

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Tuesday, September 17th. Eagle Materials’s payout ratio is currently 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.