Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in Eagle Materials Inc. (NYSE:EXP) by 12.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,123 shares of the construction company’s stock after buying an additional 353 shares during the period. Tidal Investments LLC’s holdings in Eagle Materials were worth $898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. boosted its position in shares of Eagle Materials by 10,750.0% in the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after buying an additional 215 shares during the period. Capital Performance Advisors LLP acquired a new position in Eagle Materials during the 3rd quarter worth approximately $64,000. Quent Capital LLC boosted its holdings in Eagle Materials by 155.3% in the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after acquiring an additional 264 shares during the period. GAMMA Investing LLC grew its position in Eagle Materials by 29.7% in the third quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after acquiring an additional 140 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after purchasing an additional 120 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eagle Materials

In other news, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the sale, the director now owns 1,100 shares in the company, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,866 shares of company stock valued at $5,205,311. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EXP has been the subject of several analyst reports. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and decreased their target price for the company from $330.00 to $310.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their target price on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. Truist Financial raised their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.89.

Eagle Materials Stock Performance

Shares of EXP opened at $248.30 on Friday. The firm has a market capitalization of $8.33 billion, a PE ratio of 17.54 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $294.92 and a 200 day moving average price of $263.76. Eagle Materials Inc. has a 52-week low of $195.93 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter last year, the business earned $4.28 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Eagle Materials 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.