Oxford Asset Management Invests $265,000 in Eagle Materials Inc (EXP)

Oxford Asset Management bought a new stake in shares of Eagle Materials Inc (NYSE:EXP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,725 shares of the construction company’s stock, valued at approximately $265,000.

A number of other hedge funds have also modified their holdings of EXP. Bank of New York Mellon Corp increased its stake in shares of Eagle Materials by 41.4% in the first quarter. Bank of New York Mellon Corp now owns 1,151,504 shares of the construction company’s stock valued at $111,857,000 after buying an additional 337,102 shares during the period. Hermes Investment Management Ltd. increased its stake in shares of Eagle Materials by 2.0% in the first quarter. Hermes Investment Management Ltd. now owns 599,791 shares of the construction company’s stock valued at $58,264,000 after buying an additional 11,556 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Eagle Materials during the fourth quarter valued at about $49,063,000. Norges Bank purchased a new stake in Eagle Materials during the fourth quarter worth about $36,379,000. Finally, Teachers Advisors LLC increased its stake in Eagle Materials by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 286,551 shares of the construction company’s stock worth $28,234,000 after buying an additional 12,315 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

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

Shares of Eagle Materials Inc (NYSE:EXP) opened at 92.56 on Wednesday. The company has a market cap of $4.49 billion, a P/E ratio of 22.58 and a beta of 1.29. The firm has a 50-day moving average price of $97.18 and a 200-day moving average price of $99.52. Eagle Materials Inc has a 1-year low of $71.24 and a 1-year high of $110.64.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, May 18th. The construction company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Eagle Materials had a return on equity of 18.07% and a net margin of 16.36%. The business had revenue of $278.60 million during the quarter, compared to analysts’ expectations of $271.18 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. On average, equities analysts expect that Eagle Materials Inc will post $5.40 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Wednesday, June 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. Eagle Materials’s payout ratio is currently 9.76%.

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A number of analysts have issued reports on the company. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Thursday, May 11th. Stephens raised Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $102.50.

In related news, EVP James H. Graass sold 10,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $101.00, for a total value of $1,010,000.00. Following the completion of the sale, the executive vice president now owns 69,653 shares of the company’s stock, valued at $7,034,953. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David B. Powers sold 11,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $99.03, for a total value of $1,089,330.00. Following the completion of the sale, the chief executive officer now directly owns 73,400 shares of the company’s stock, valued at approximately $7,268,802. The disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.

Eagle Materials Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EXP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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