Eagle Materials Inc $EXP Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. raised its stake in Eagle Materials Inc (NYSE:EXP) by 486.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,252 shares of the construction company’s stock after purchasing an additional 11,823 shares during the quarter. Osaic Holdings Inc.’s holdings in Eagle Materials were worth $3,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. raised its position in shares of Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after buying an additional 155 shares during the period. MAI Capital Management increased its stake in Eagle Materials by 3,060.0% during the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Eagle Materials in the 2nd quarter valued at about $61,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. DA Davidson dropped their target price on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company cut their target price on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Truist Financial reiterated a “hold” rating and issued a $210.00 price target (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Finally, Stifel Nicolaus set a $246.00 price objective on Eagle Materials in a research note on Monday, October 27th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $236.30.

Eagle Materials Stock Performance

NYSE:EXP opened at $215.09 on Friday. The firm has a 50-day moving average of $217.49 and a two-hundred day moving average of $221.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.72 and a quick ratio of 1.22. The stock has a market cap of $6.90 billion, a P/E ratio of 15.87 and a beta of 1.37. Eagle Materials Inc has a 1-year low of $191.91 and a 1-year high of $265.42.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The business had revenue of $638.91 million during the quarter, compared to analyst estimates of $635.55 million. During the same quarter last year, the firm posted $4.31 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.38%.

Insider Activity

In related news, Director David E. Rush purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average cost of $208.08 per share, with a total value of $208,080.00. Following the completion of the acquisition, the director directly owned 4,173 shares of the company’s stock, valued at approximately $868,317.84. The trade was a 31.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.