FDx Advisors Inc. acquired a new stake in shares of Eagle Materials, Inc. (NYSE:EXP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,511 shares of the construction company’s stock, valued at approximately $299,000.

Several other large investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in shares of Eagle Materials by 12.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,532,411 shares of the construction company’s stock valued at $265,826,000 after buying an additional 273,645 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Eagle Materials by 83.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,324,576 shares of the construction company’s stock valued at $112,908,000 after buying an additional 602,571 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Eagle Materials by 14.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 630,692 shares of the construction company’s stock valued at $66,204,000 after buying an additional 80,901 shares during the last quarter. RWC Asset Management LLP grew its position in shares of Eagle Materials by 12.1% during the 3rd quarter. RWC Asset Management LLP now owns 428,952 shares of the construction company’s stock valued at $36,564,000 after buying an additional 46,220 shares during the last quarter. Finally, Maplelane Capital LLC bought a new stake in shares of Eagle Materials during the 2nd quarter valued at about $40,868,000. 92.85% of the stock is owned by institutional investors and hedge funds.

Eagle Materials stock opened at $66.88 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.21 and a beta of 1.13. Eagle Materials, Inc. has a 52-week low of $64.95 and a 52-week high of $122.49.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 30th. The construction company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.15). The firm had revenue of $381.50 million for the quarter, compared to analyst estimates of $401.04 million. Eagle Materials had a net margin of 19.54% and a return on equity of 19.03%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. Equities analysts forecast that Eagle Materials, Inc. will post 5.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, December 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, December 20th. Eagle Materials’s payout ratio is 9.48%.

EXP has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 14th. ValuEngine downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Macquarie assumed coverage on shares of Eagle Materials in a research note on Wednesday, September 26th. They set a “buy” rating and a $105.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and set a $125.00 target price on shares of Eagle Materials in a research note on Thursday, October 4th. Finally, Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Eagle Materials presently has a consensus rating of “Buy” and a consensus price target of $113.86.

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Eagle Materials Company 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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