Davidson Capital Management Inc. Has $3.66 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

Davidson Capital Management Inc. lowered its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,731 shares of the construction company’s stock after selling 2,045 shares during the period. Eagle Materials makes up about 1.1% of Davidson Capital Management Inc.’s holdings, making the stock its 8th biggest position. Davidson Capital Management Inc.’s holdings in Eagle Materials were worth $3,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXP. Eagle Bay Advisors LLC lifted its holdings in 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 in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC purchased a new stake in Eagle Materials during the first quarter worth $42,000. EntryPoint Capital LLC lifted its holdings in shares of Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock valued at $51,000 after purchasing an additional 176 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Eagle Materials in the 1st quarter valued at $55,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Raymond James cut shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Citigroup boosted 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. Jefferies Financial Group increased their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Stephens increased their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $297.78.

Insider Activity

In related 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 transaction of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Eagle Materials news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,851 shares of company stock valued at $2,124,258. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Down 2.7 %

Shares of NYSE:EXP traded down $7.91 during midday trading on Tuesday, hitting $281.13. The stock had a trading volume of 227,600 shares, compared to its average volume of 306,877. Eagle Materials Inc. has a 12 month low of $148.20 and a 12 month high of $306.36. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. The company has a market cap of $9.52 billion, a P/E ratio of 21.23 and a beta of 1.32. The business’s 50-day simple moving average is $275.51 and its 200-day simple moving average is $252.31.

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

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, September 17th were given a $0.25 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.36%. Eagle Materials’s payout ratio is 7.34%.

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.