Eagle Materials Inc $EXP Shares Acquired by American Century Companies Inc.

Key Points

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American Century Companies Inc. boosted its holdings in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 193.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,123 shares of the construction company's stock after acquiring an additional 189,909 shares during the period. American Century Companies Inc. owned 0.87% of Eagle Materials worth $63,944,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EXP. Bridges Investment Management Inc. grew its holdings in shares of Eagle Materials by 111.4% during the first quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock valued at $1,535,000 after buying an additional 3,645 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Eagle Materials by 234.6% during the first quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock valued at $1,089,000 after acquiring an additional 3,439 shares in the last quarter. Hi Line Capital Management LLC bought a new stake in shares of Eagle Materials during the first quarter valued at approximately $4,770,000. GAMMA Investing LLC increased its position in shares of Eagle Materials by 21.2% during the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after acquiring an additional 143 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after acquiring an additional 80 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stephens set a $255.00 price target on shares of Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. Citigroup reduced their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen upgraded shares of Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, DA Davidson reduced their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Eagle Materials has an average rating of "Hold" and an average target price of $255.33.

Eagle Materials Trading Up 5.4%

EXP stock traded up $12.2050 during trading on Friday, hitting $239.0350. The company had a trading volume of 430,922 shares, compared to its average volume of 398,823. The firm has a market capitalization of $7.76 billion, a P/E ratio of 17.60 and a beta of 1.24. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93. The company has a 50 day simple moving average of $217.69 and a 200-day simple moving average of $220.61. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.03. The business had revenue of $634.69 million for the quarter, compared to the consensus estimate of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. As a group, research analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is currently 7.36%.

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.