Eagle Materials Inc. (NYSE:EXP) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in Eagle Materials Inc. (NYSE:EXP) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,828 shares of the construction company’s stock after acquiring an additional 18,515 shares during the quarter. Los Angeles Capital Management LLC owned about 0.73% of Eagle Materials worth $50,878,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EXP. FMR LLC lifted its stake in shares of Eagle Materials by 41.0% in the 3rd quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock valued at $418,116,000 after purchasing an additional 730,454 shares during the last quarter. Invesco Ltd. raised its stake in shares of Eagle Materials by 22.8% in the 3rd quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock valued at $182,763,000 after acquiring an additional 203,862 shares during the period. William Blair Investment Management LLC boosted its position in shares of Eagle Materials by 271.7% during the 3rd quarter. William Blair Investment Management LLC now owns 666,874 shares of the construction company’s stock worth $111,048,000 after purchasing an additional 487,454 shares during the period. Brown Advisory Inc. raised its position in Eagle Materials by 1.1% in the third quarter. Brown Advisory Inc. now owns 334,785 shares of the construction company’s stock valued at $55,748,000 after purchasing an additional 3,496 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Eagle Materials by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 329,032 shares of the construction company’s stock worth $54,790,000 after purchasing an additional 5,609 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EXP shares. Raymond James increased their target price on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. Truist Financial increased their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Stephens boosted their price target on shares of Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Finally, Loop Capital upgraded Eagle Materials from a “hold” rating to a “buy” rating and increased their price objective for the company from $170.00 to $240.00 in a research note on Monday, January 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.50.

Eagle Materials Stock Up 1.5 %

NYSE EXP traded up $3.96 during trading on Friday, reaching $260.89. 393,279 shares of the company’s stock were exchanged, compared to its average volume of 292,654. The company has a 50 day moving average price of $256.48 and a two-hundred day moving average price of $216.96. The stock has a market cap of $8.99 billion, a P/E ratio of 18.41 and a beta of 1.35. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $272.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, March 14th. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Insiders Place Their Bets

In related news, Director David B. Powers sold 3,347 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total value of $805,020.44. Following the transaction, the director now directly owns 655 shares of the company’s stock, valued at approximately $157,540.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director David B. Powers sold 3,347 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total value of $805,020.44. Following the completion of the sale, the director now directly owns 655 shares of the company’s stock, valued at approximately $157,540.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

About Eagle Materials

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; 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.