American Century Companies Inc. Grows Position in Eagle Materials Inc $EXP

Key Points

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American Century Companies Inc. boosted its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 193.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,123 shares of the construction company's stock after buying an additional 189,909 shares during the period. American Century Companies Inc. owned approximately 0.87% of Eagle Materials worth $63,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Eagle Materials by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company's stock valued at $127,876,000 after buying an additional 54,324 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Eagle Materials by 22.9% in the first quarter. Vestmark Advisory Solutions Inc. now owns 1,916 shares of the construction company's stock valued at $425,000 after acquiring an additional 357 shares during the period. CCM Investment Group LLC acquired a new position in Eagle Materials in the first quarter valued at approximately $478,000. Nuveen LLC acquired a new position in Eagle Materials in the first quarter valued at approximately $17,617,000. Finally, Entropy Technologies LP raised its stake in shares of Eagle Materials by 276.0% during the 1st quarter. Entropy Technologies LP now owns 11,272 shares of the construction company's stock worth $2,502,000 after buying an additional 8,274 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Trading Up 5.4%

NYSE:EXP traded up $12.2050 during trading hours on Friday, hitting $239.0350. The company had a trading volume of 430,922 shares, compared to its average volume of 394,570. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $217.69 and a 200 day moving average of $221.12. The company has a market cap of $7.76 billion, a P/E ratio of 17.60 and a beta of 1.24. Eagle Materials Inc has a 1 year low of $191.91 and a 1 year high of $321.93.

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

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio is presently 7.36%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXP. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Stephens set a $255.00 target price on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a "hold" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Citigroup dropped their price target on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $255.33.

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.