Ausbil Investment Management Ltd Has $128,000 Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Ausbil Investment Management Ltd lowered its stake in Eagle Materials Inc. (NYSE:EXP) by 96.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 518 shares of the construction company’s stock after selling 12,460 shares during the quarter. Ausbil Investment Management Ltd’s holdings in Eagle Materials were worth $128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in Eagle Materials during the second quarter worth about $805,000. Millennium Management LLC raised its position in shares of Eagle Materials by 1,433.5% in the 2nd quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock valued at $3,331,000 after acquiring an additional 14,321 shares during the period. Dana Investment Advisors Inc. grew its holdings in Eagle Materials by 5.6% during the second quarter. Dana Investment Advisors Inc. now owns 5,931 shares of the construction company’s stock valued at $1,290,000 after purchasing an additional 315 shares during the period. Sanctuary Advisors LLC acquired a new position in Eagle Materials during the second quarter valued at approximately $523,000. Finally, Central Pacific Bank Trust Division increased its stake in Eagle Materials by 23.5% in the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after purchasing an additional 120 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Activity at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This trade represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,866 shares of company stock valued at $5,205,311. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Monday, November 25th. Stephens restated an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. DA Davidson lowered their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Truist Financial lifted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $296.80.

Eagle Materials Price Performance

NYSE EXP opened at $256.60 on Friday. The firm’s 50 day moving average is $264.79 and its 200-day moving average is $269.85. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $8.61 billion, a PE ratio of 18.33 and a beta of 1.37. Eagle Materials Inc. has a 12-month low of $211.44 and a 12-month high of $321.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.97%. Equities research analysts anticipate that Eagle Materials Inc. will post 15.11 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.39%. Eagle Materials’s payout ratio is presently 7.14%.

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.