American Century Companies Inc. Increases Stock Holdings in Eagle Materials Inc $EXP

American Century Companies Inc. lifted its stake in shares of Eagle Materials Inc (NYSE:EXP) by 2.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 534,380 shares of the construction company’s stock after acquiring an additional 13,104 shares during the quarter. American Century Companies Inc.’s holdings in Eagle Materials were worth $124,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in Eagle Materials by 130.9% in the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after acquiring an additional 72 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Eagle Materials during the third quarter worth about $30,000. Hantz Financial Services Inc. lifted its holdings 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 valued at $32,000 after purchasing an additional 155 shares during the last quarter. MAI Capital Management boosted its position in shares of Eagle Materials by 3,060.0% in the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 1.1%

Eagle Materials stock opened at $223.73 on Monday. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $243.64. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 16.94 and a beta of 1.35. The stock’s fifty day moving average is $223.09 and its two-hundred day moving average is $224.72. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.10). The business had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.Eagle Materials’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.59 earnings per share. Analysts predict that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio is 7.57%.

Wall Street Analyst Weigh In

EXP has been the subject of several research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $226.00 price objective on shares of Eagle Materials in a report on Monday, November 3rd. Royal Bank Of Canada set a $208.00 price target on shares of Eagle Materials in a research note on Tuesday, February 24th. DA Davidson lowered their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $215.00 target price (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $228.36.

About Eagle Materials

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.