Eagle Materials Inc $EXP Position Increased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its stake in shares of Eagle Materials Inc (NYSE:EXP) by 3.9% in the second quarter, HoldingsChannel reports. The firm owned 83,491 shares of the construction company’s stock after purchasing an additional 3,124 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Eagle Materials were worth $16,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in EXP. Hantz Financial Services Inc. boosted its holdings in shares of Eagle Materials by 7,750.0% during the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after acquiring an additional 155 shares during the period. MAI Capital Management lifted its position in 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 last quarter. SVB Wealth LLC bought a new position in Eagle Materials in the 1st quarter worth about $41,000. Caitong International Asset Management Co. Ltd grew its position in Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Eagle Materials in the second quarter valued at approximately $63,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXP. Jefferies Financial Group reiterated a “hold” rating and set a $226.00 price objective on shares of Eagle Materials in a research report on Monday, November 3rd. Citigroup reduced their price target on Eagle Materials from $255.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a report on Tuesday, November 25th. Stifel Nicolaus set a $246.00 price objective on shares of Eagle Materials in a report on Monday, October 27th. Finally, Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $243.30.

Insider Buying and Selling

In other Eagle Materials news, Director David E. Rush bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of $208.08 per share, with a total value of $208,080.00. Following the completion of the purchase, the director directly owned 4,173 shares in the company, valued at approximately $868,317.84. This trade represents a 31.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Eagle Materials Trading Up 1.1%

Shares of Eagle Materials stock opened at $223.72 on Monday. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 16.47 and a beta of 1.31. The business has a fifty day simple moving average of $222.81 and a 200-day simple moving average of $220.51. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $309.96.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The firm had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. During the same period in the previous year, the firm earned $4.31 earnings per share. Eagle Materials’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 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, December 15th. Eagle Materials’s payout ratio is presently 7.38%.

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.