Axa S.A. Has $400,000 Stake in Eagle Materials Inc. (NYSE:EXP)

Axa S.A. reduced its position in Eagle Materials Inc. (NYSE:EXP) by 75.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,839 shares of the construction company’s stock after selling 5,658 shares during the period. Axa S.A.’s holdings in Eagle Materials were worth $400,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Allianz Asset Management GmbH lifted its stake in shares of Eagle Materials by 35.9% in the fourth quarter. Allianz Asset Management GmbH now owns 48,191 shares of the construction company’s stock valued at $9,775,000 after buying an additional 12,725 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Eagle Materials by 2.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 15,821 shares of the construction company’s stock valued at $3,209,000 after acquiring an additional 380 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Eagle Materials by 25.7% during the 4th quarter. Rafferty Asset Management LLC now owns 10,732 shares of the construction company’s stock valued at $2,177,000 after purchasing an additional 2,196 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Eagle Materials by 12.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,965 shares of the construction company’s stock valued at $601,000 after purchasing an additional 335 shares during the last quarter. Finally, Baldwin Investment Management LLC increased its holdings in Eagle Materials by 30.8% during the 4th quarter. Baldwin Investment Management LLC now owns 2,230 shares of the construction company’s stock worth $452,000 after purchasing an additional 525 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was 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 directly owns 13,937 shares of the company’s stock, valued at $3,861,385.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction on Tuesday, September 17th. The shares were 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 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. 1.60% of the stock is owned by company insiders.

Eagle Materials Stock Performance

Shares of EXP stock opened at $283.87 on Wednesday. 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 firm has a market cap of $9.61 billion, a price-to-earnings ratio of 20.84 and a beta of 1.32. Eagle Materials Inc. has a 52 week low of $145.03 and a 52 week high of $293.00. The firm’s 50-day simple moving average is $258.81 and its two-hundred day simple moving average is $248.60.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 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 for the quarter, compared to analysts’ expectations of $622.06 million. During the same quarter in the previous year, the firm posted $3.55 EPS. Eagle Materials’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Eagle Materials Inc. will post 15.9 earnings per share for the current 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 paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.35%. Eagle Materials’s payout ratio is 7.34%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXP. Stephens lifted their target price on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Jefferies Financial Group upped their target price 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. Citigroup raised their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.78.

About Eagle Materials

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.