Cubist Systematic Strategies LLC increased its holdings in shares of Eagle Materials, Inc. (NYSE:EXP) by 455.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,543 shares of the construction company’s stock after acquiring an additional 12,743 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Eagle Materials were worth $1,632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in Eagle Materials during the second quarter worth about $114,000. Hilltop Holdings Inc. acquired a new position in Eagle Materials during the first quarter worth about $202,000. Sawtooth Solutions LLC acquired a new position in Eagle Materials during the second quarter worth about $244,000. Whittier Trust Co. of Nevada Inc. boosted its position in Eagle Materials by 31.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,580 shares of the construction company’s stock worth $271,000 after acquiring an additional 622 shares during the last quarter. Finally, GWM Advisors LLC acquired a new position in Eagle Materials during the first quarter worth about $264,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

NYSE:EXP opened at $87.57 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.95 and a beta of 1.08. Eagle Materials, Inc. has a 1-year low of $85.84 and a 1-year high of $122.49.

Eagle Materials (NYSE:EXP) last posted its earnings results on Monday, July 30th. The construction company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.02). The firm had revenue of $393.80 million during the quarter, compared to analyst estimates of $402.34 million. Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 earnings per share. equities analysts expect that Eagle Materials, Inc. will post 6.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.40 annualized dividend and a yield of 0.46%. Eagle Materials’s payout ratio is 9.48%.

A number of equities analysts recently weighed in on EXP shares. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 14th. ValuEngine lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Northcoast Research set a $128.00 price target on shares of Eagle Materials and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Jefferies Financial Group restated a “buy” rating on shares of Eagle Materials in a research report on Friday, July 20th. Finally, Citigroup lowered their price target on shares of Eagle Materials from $132.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $125.67.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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

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