XTX Topco Ltd Acquires New Shares in Eagle Materials Inc. (NYSE:EXP)

XTX Topco Ltd acquired a new position in Eagle Materials Inc. (NYSE:EXP) in the 2nd quarter, Holdings Channel reports. The firm acquired 6,481 shares of the construction company’s stock, valued at approximately $1,409,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXP. Eagle Bay Advisors LLC grew its holdings in shares of Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after purchasing an additional 42 shares during the period. YHB Investment Advisors Inc. acquired a new position in Eagle Materials in the first quarter valued at about $27,000. Tompkins Financial Corp purchased a new position in Eagle Materials during the first quarter worth about $27,000. Rise Advisors LLC acquired a new stake in shares of Eagle Materials during the first quarter valued at about $27,000. Finally, Bessemer Group Inc. increased its position in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXP shares. StockNews.com cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens boosted their price objective on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Citigroup increased their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group boosted their price target on shares of Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus target price of $289.78.

Eagle Materials Stock Performance

Shares of EXP opened at $287.67 on Friday. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $293.00. The stock has a market capitalization of $9.74 billion, a PE ratio of 21.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. The stock has a 50-day simple moving average of $250.56 and a 200-day simple moving average of $246.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.37. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company had revenue of $608.69 million during the quarter, compared to the consensus estimate of $622.06 million. During the same quarter in the previous year, the firm earned $3.55 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Eagle Materials Inc. will post 15.9 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Insider Buying and Selling at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Eagle Materials news, insider Eric Cribbs sold 1,851 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the completion of the transaction, the insider now owns 13,937 shares in the company, valued at $3,861,385.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The disclosure for this sale can be found here. Insiders have sold a total of 7,851 shares of company stock worth $2,124,258 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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.