Ameritas Investment Partners Inc. raised its stake in Eagle Materials Inc (NYSE:EXP) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,525 shares of the construction company’s stock after purchasing an additional 254 shares during the period. Ameritas Investment Partners Inc.’s holdings in Eagle Materials were worth $1,342,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of Eagle Materials by 8.4% in the second quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock valued at $16,727,000 after acquiring an additional 14,020 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Eagle Materials by 20.1% in the second quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock valued at $1,712,000 after acquiring an additional 3,103 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Eagle Materials by 10.0% in the second quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock valued at $1,067,000 after acquiring an additional 1,052 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Eagle Materials by 39.7% in the second quarter. Prudential Financial Inc. now owns 419,711 shares of the construction company’s stock valued at $38,789,000 after acquiring an additional 119,184 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Eagle Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock valued at $363,557,000 after acquiring an additional 179,308 shares in the last quarter. Hedge funds and other institutional investors own 91.02% of the company’s stock.

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total transaction of $507,000.00. Following the completion of the transaction, the chief financial officer now owns 61,778 shares of the company’s stock, valued at approximately $6,264,289.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William R. Devlin sold 16,469 shares of Eagle Materials stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $96.51, for a total value of $1,589,423.19. Following the transaction, the senior vice president now directly owns 51,973 shares of the company’s stock, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. Insiders have sold a total of 69,774 shares of company stock valued at $6,798,741 in the last ninety days. Insiders own 4.10% of the company’s stock.

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Several equities analysts recently commented on EXP shares. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and decreased their price target for the company from $115.00 to $110.00 in a research note on Monday, July 31st. BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $110.00.

Eagle Materials Inc (EXP) traded up 0.32% during trading on Tuesday, hitting $109.33. 33,119 shares of the company traded hands. Eagle Materials Inc has a 12-month low of $73.83 and a 12-month high of $110.64. The company has a market capitalization of $5.30 billion, a P/E ratio of 25.42 and a beta of 1.17. The stock has a 50 day moving average price of $103.38 and a 200 day moving average price of $96.58.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The company had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, equities analysts anticipate that Eagle Materials Inc will post $5.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s payout ratio is presently 9.30%.

About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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