Eagle Materials Inc. (NYSE:EXP) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC reduced its stake in Eagle Materials Inc. (NYSE:EXP) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,848 shares of the construction company’s stock after selling 2,030 shares during the quarter. Driehaus Capital Management LLC owned 0.12% of Eagle Materials worth $8,883,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its position in shares of Eagle Materials by 35.9% during the fourth quarter. Allianz Asset Management GmbH now owns 48,191 shares of the construction company’s stock worth $9,775,000 after buying an additional 12,725 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Eagle Materials by 2.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 15,821 shares of the construction company’s stock worth $3,209,000 after purchasing an additional 380 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in shares of Eagle Materials by 56,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,134 shares of the construction company’s stock valued at $230,000 after buying an additional 1,132 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Eagle Materials in the fourth quarter valued at $242,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of Eagle Materials by 6.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 9,432 shares of the construction company’s stock valued at $1,913,000 after purchasing an additional 540 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the completion of the sale, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,851 shares of company stock worth $2,124,258. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

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

Eagle Materials Trading Up 0.7 %

Shares of EXP opened at $286.23 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $293.00. The stock has a 50-day moving average price of $256.87 and a 200 day moving average price of $248.10. The company has a market capitalization of $9.69 billion, a P/E ratio of 21.02 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share 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 for the quarter, compared to analysts’ expectations of $622.06 million. During the same period in the prior year, the company earned $3.55 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Eagle Materials Inc. will post 15.9 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

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

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.