723 Shares in Eagle Materials Inc. (NYSE:EXP) Acquired by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 723 shares of the construction company’s stock, valued at approximately $208,000.

Other large investors have also bought and sold shares of the company. Bessemer Group Inc. raised its position in shares of 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 purchasing an additional 65 shares during the period. Acadian Asset Management LLC bought a new position in Eagle Materials in the 1st quarter valued at $42,000. McClarren Financial Advisors Inc. grew its position in shares of Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after purchasing an additional 215 shares in the last quarter. EntryPoint Capital LLC increased its holdings in shares of Eagle Materials by 1,760.0% in the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after purchasing an additional 176 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Eagle Materials in the third quarter worth $64,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 1.7 %

Shares of EXP stock opened at $314.35 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The business has a 50-day moving average of $293.76 and a 200 day moving average of $258.69. The stock has a market capitalization of $10.54 billion, a PE ratio of 22.20 and a beta of 1.32. Eagle Materials Inc. has a 1-year low of $177.65 and a 1-year high of $317.00.

Eagle Materials (NYSE:EXP) last issued its earnings results 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 return on equity of 35.79% and a net margin of 21.32%. The firm had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter in the prior year, the business posted $4.28 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. Eagle Materials’s payout ratio is presently 7.06%.

Insider Activity at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The trade was a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Ross Stewart sold 3,577 shares of the company’s 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 completion of the sale, the director now owns 1,100 shares in the company, valued at approximately $330,330. This trade represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,978 shares of company stock worth $1,791,707 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Citigroup raised their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Stephens boosted their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Truist Financial raised their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group upped their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Eagle Materials presently has a consensus rating of “Moderate Buy” and an average target price of $303.78.

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.