King Luther Capital Management Corp Buys 1,654 Shares of Eagle Materials Inc. (NYSE:EXP)

King Luther Capital Management Corp increased its stake in Eagle Materials Inc. (NYSE:EXP) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,174 shares of the construction company’s stock after purchasing an additional 1,654 shares during the period. King Luther Capital Management Corp’s holdings in Eagle Materials were worth $4,701,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. raised its position in shares of Eagle Materials by 233.9% during the 4th quarter. Assetmark Inc. now owns 374 shares of the construction company’s stock valued at $76,000 after acquiring an additional 262 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Eagle Materials by 36.0% during the 4th quarter. Wells Fargo & Company MN now owns 101,946 shares of the construction company’s stock valued at $20,679,000 after acquiring an additional 26,967 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of Eagle Materials by 10.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,042 shares of the construction company’s stock valued at $617,000 after acquiring an additional 294 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Eagle Materials by 3.3% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 223,400 shares of the construction company’s stock valued at $45,314,000 after acquiring an additional 7,160 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Eagle Materials by 2.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,285 shares of the construction company’s stock valued at $666,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In other news, EVP Matt Newby sold 2,940 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Eagle Materials Stock Down 1.2 %

NYSE EXP traded down $2.93 on Thursday, reaching $235.87. The company had a trading volume of 41,580 shares, compared to its average volume of 293,524. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 17.36 and a beta of 1.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 2.62. Eagle Materials Inc. has a 1-year low of $145.03 and a 1-year high of $276.61. The company’s fifty day moving average is $258.66 and its 200-day moving average is $227.62.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The company had revenue of $476.70 million during the quarter, compared to analyst estimates of $480.20 million. During the same period in the previous year, the company posted $2.79 earnings per share. Eagle Materials’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts forecast that Eagle Materials Inc. will post 16.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup upped their target price on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group boosted their price target on shares of Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Truist Financial boosted their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the company 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 company an “overweight” rating in a report on Wednesday, April 24th. Finally, Loop Capital decreased their price target on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.22.

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, 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.