Ausbil Investment Management Ltd Sells 12,460 Shares of Eagle Materials Inc. (NYSE:EXP)

Ausbil Investment Management Ltd lessened its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 96.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 518 shares of the construction company’s stock after selling 12,460 shares during the period. 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 have also recently added to or reduced their stakes in EXP. Capital Performance Advisors LLP bought a new stake in shares of Eagle Materials in the third quarter valued at approximately $64,000. R Squared Ltd bought a new stake in Eagle Materials in the 4th quarter valued at $81,000. Quent Capital LLC grew its position in Eagle Materials by 155.3% in the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Eagle Materials by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after purchasing an additional 65 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in shares of Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after buying an additional 120 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EXP shares. Stephens reissued an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a research report on Thursday. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Monday, November 25th. DA Davidson cut 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. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Eagle Materials has a consensus rating of “Hold” and an average target price of $296.80.

Eagle Materials Trading Down 1.1 %

Shares of Eagle Materials stock opened at $256.60 on Friday. The stock has a market capitalization of $8.61 billion, a P/E 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. 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 50-day simple moving average of $264.79 and a 200 day simple moving average of $269.85.

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

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s dividend payout ratio is currently 7.14%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated 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 owns 13,212 shares of the company’s stock, valued at $4,148,568. This represents a 9.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the firm’s 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 sale, the director now owns 1,100 shares of the company’s stock, valued at $330,330. The trade was a 76.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,866 shares of company stock worth $5,205,311. Insiders own 1.60% of the company’s stock.

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.