Ausbil Investment Management Ltd Acquires 2,433 Shares of Eagle Materials Inc (NYSE:EXP)

Ausbil Investment Management Ltd increased its stake in Eagle Materials Inc (NYSE:EXP - Free Report) by 469.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,951 shares of the construction company's stock after acquiring an additional 2,433 shares during the period. Ausbil Investment Management Ltd's holdings in Eagle Materials were worth $655,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after purchasing an additional 71 shares during the period. Parallel Advisors LLC lifted its position in Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after buying an additional 52 shares during the last quarter. Huntington National Bank boosted its stake in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after buying an additional 144 shares during the period. LGT Financial Advisors LLC boosted its stake in Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after buying an additional 310 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in Eagle Materials by 19.4% during the first quarter. Harbor Investment Advisory LLC now owns 499 shares of the construction company's stock valued at $111,000 after acquiring an additional 81 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXP. JPMorgan Chase & Co. decreased their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the company a "buy" rating in a report on Wednesday, May 21st. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. Loop Capital decreased their target price on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Price Performance

EXP opened at $196.59 on Monday. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 14.29 and a beta of 1.28. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93. The business's fifty day simple moving average is $215.62 and its 200-day simple moving average is $231.80.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The business had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same quarter in the previous year, the company earned $2.24 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. Eagle Materials's dividend payout ratio is currently 7.27%.

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.

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