Entropy Technologies LP Decreases Stake in Eagle Materials Inc. (NYSE:EXP)

Entropy Technologies LP lowered its stake in Eagle Materials Inc. (NYSE:EXP) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,998 shares of the construction company’s stock after selling 200 shares during the quarter. Entropy Technologies LP’s holdings in Eagle Materials were worth $740,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Eagle Materials during the 3rd quarter valued at $64,000. R Squared Ltd bought a new position in shares of Eagle Materials during the fourth quarter valued at about $81,000. GAMMA Investing LLC boosted its holdings in shares of Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after purchasing an additional 65 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of Eagle Materials by 20.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company’s stock worth $188,000 after purchasing an additional 130 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Eagle Materials by 789.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock valued at $202,000 after buying an additional 624 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EXP shares. Truist Financial increased their target price on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stephens reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $296.80.

Insider Activity

In related news, CEO Michael Haack sold 11,888 shares of the company’s stock in a transaction that occurred 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 owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction dated 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 sale, the director now owns 1,100 shares of the company’s stock, valued at approximately $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Eagle Materials Trading Down 0.4 %

Shares of Eagle Materials stock opened at $254.99 on Wednesday. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $257.51 and its 200 day moving average price is $271.31. The firm has a market capitalization of $8.49 billion, a PE ratio of 18.21 and a beta of 1.37. Eagle Materials Inc. has a twelve month low of $211.44 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. On average, sell-side analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s payout ratio is currently 7.14%.

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.