Baupost Group LLC MA Has $74.39 Million Stake in Eagle Materials Inc. (NYSE:EXP)

Baupost Group LLC MA lifted its stake in Eagle Materials Inc. (NYSE:EXP) by 30.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 342,102 shares of the construction company’s stock after purchasing an additional 80,102 shares during the period. Eagle Materials accounts for 2.0% of Baupost Group LLC MA’s portfolio, making the stock its 15th largest position. Baupost Group LLC MA owned 1.01% of Eagle Materials worth $74,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC lifted its holdings in Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after buying an additional 42 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Eagle Materials in the 1st quarter worth $27,000. Tompkins Financial Corp acquired a new stake in shares of Eagle Materials during the first quarter worth $27,000. Rise Advisors LLC bought a new stake in Eagle Materials in the first quarter valued at about $27,000. Finally, Bessemer Group Inc. lifted its stake in 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 buying an additional 65 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Activity

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the transaction, the chief financial officer now directly owns 60,488 shares in the company, valued at $16,135,778.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred 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 owns 60,488 shares in the company, valued at approximately $16,135,778.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The disclosure for this sale can be found here. Insiders sold 7,851 shares of company stock worth $2,124,258 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXP shares. Citigroup upped their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group upped their target price on shares of Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Raymond James cut shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. StockNews.com cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, Stephens lifted their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.78.

Eagle Materials Stock Down 1.5 %

EXP stock opened at $287.67 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.17. The stock has a market capitalization of $9.74 billion, a P/E ratio of 21.12 and a beta of 1.32. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $293.00. The business has a 50-day moving average of $251.73 and a 200-day moving average of $247.13.

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

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 annualized dividend and a yield of 0.35%. Eagle Materials’s dividend payout ratio (DPR) is presently 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.