XTX Topco Ltd Purchases Shares of 6,481 Eagle Materials Inc. (NYSE:EXP)

XTX Topco Ltd acquired a new position in Eagle Materials Inc. (NYSE:EXP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,481 shares of the construction company’s stock, valued at approximately $1,409,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXP. Eagle Bay Advisors LLC raised 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 buying an additional 42 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Eagle Materials during the first quarter worth $27,000. Tompkins Financial Corp acquired a new position in Eagle Materials during the first quarter valued at $27,000. Rise Advisors LLC purchased a new stake in Eagle Materials in the first quarter valued at $27,000. Finally, Bessemer Group Inc. grew its position in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

NYSE:EXP opened at $287.67 on Friday. 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 stock has a market capitalization of $9.74 billion, a PE ratio of 21.12 and a beta of 1.32. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $293.00. The company has a fifty day moving average of $250.56 and a two-hundred day moving average of $246.93.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share for the quarter, topping 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 quarter in the prior year, the firm earned $3.55 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts forecast that Eagle Materials Inc. will post 15.9 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.35%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials 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 sale, the chief financial officer now owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 value of $1,333,800.00. Following the completion of the sale, the chief financial officer now owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The disclosure for this sale can be found here. Insiders have sold 7,851 shares of company stock valued at $2,124,258 over the last ninety days. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

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

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.