KBC Group NV Purchases 151 Shares of Eagle Materials Inc. (NYSE:EXP)

KBC Group NV increased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 18.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 965 shares of the construction company’s stock after purchasing an additional 151 shares during the period. KBC Group NV’s holdings in Eagle Materials were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EXP. Bessemer Group Inc. grew its holdings in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Eagle Materials during the 1st quarter valued at about $42,000. McClarren Financial Advisors Inc. grew its position in shares of Eagle Materials by 10,750.0% during the second 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 last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Eagle Materials in the third quarter worth about $64,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 0.2 %

NYSE:EXP opened at $299.70 on Wednesday. The stock has a fifty day simple moving average of $291.05 and a 200-day simple moving average of $257.84. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 21.17 and a beta of 1.32. Eagle Materials Inc. has a twelve month low of $173.05 and a twelve month high of $317.00.

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

Eagle Materials Dividend Announcement

The firm also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insiders Place Their Bets

In related news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EXP shares. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Stephens increased their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Jefferies Financial Group boosted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Truist Financial increased their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group boosted their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $303.78.

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.