Xponance Inc. Decreases Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Xponance Inc. reduced its holdings in Eagle Materials Inc. (NYSE:EXP) by 4.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,389 shares of the construction company’s stock after selling 311 shares during the period. Xponance Inc.’s holdings in Eagle Materials were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EXP. FMR LLC increased its position in shares of Eagle Materials by 41.0% during the 3rd quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock valued at $418,116,000 after purchasing an additional 730,454 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Eagle Materials by 271.7% during the third quarter. William Blair Investment Management LLC now owns 666,874 shares of the construction company’s stock worth $111,048,000 after buying an additional 487,454 shares during the period. Invesco Ltd. increased its position in Eagle Materials by 22.8% during the third quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock valued at $182,763,000 after acquiring an additional 203,862 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Eagle Materials in the third quarter valued at $16,894,000. Finally, First Dallas Securities Inc. lifted its holdings in shares of Eagle Materials by 413.5% in the 3rd quarter. First Dallas Securities Inc. now owns 85,423 shares of the construction company’s stock worth $14,225,000 after acquiring an additional 68,786 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP William R. Devlin sold 2,354 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the transaction, the senior vice president now directly owns 24,998 shares in the company, valued at approximately $5,373,320.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Matt Newby sold 2,940 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the sale, the executive vice president now owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The disclosure for this sale can be found here. Insiders have sold 19,444 shares of company stock worth $4,414,889 over the last quarter. Insiders own 1.70% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP opened at $253.13 on Thursday. The stock has a market capitalization of $8.72 billion, a PE ratio of 17.86 and a beta of 1.34. The company has a 50 day moving average price of $255.43 and a 200-day moving average price of $213.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61. Eagle Materials Inc. has a fifty-two week low of $143.44 and a fifty-two week high of $272.72.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The company had revenue of $558.83 million during the quarter, compared to analyst estimates of $537.23 million. Equities analysts predict that Eagle Materials Inc. will post 14.23 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s payout ratio is currently 7.06%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Loop Capital raised shares of Eagle Materials from a “hold” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Stephens boosted their target price on shares of Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup upped their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $263.50.

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; 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.