Weybosset Research & Management LLC Increases Position in Eagle Materials Inc. (NYSE:EXP)

Weybosset Research & Management LLC raised its position in shares of Eagle Materials Inc. (NYSE:EXP) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,316 shares of the construction company’s stock after buying an additional 102 shares during the period. Eagle Materials comprises about 2.9% of Weybosset Research & Management LLC’s holdings, making the stock its 18th largest holding. Weybosset Research & Management LLC’s holdings in Eagle Materials were worth $8,468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXP. Barclays PLC grew its holdings in shares of Eagle Materials by 78.1% in the third quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock valued at $10,915,000 after purchasing an additional 16,645 shares in the last quarter. Ausbil Investment Management Ltd boosted its position in Eagle Materials by 400.3% in the 3rd quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock valued at $3,733,000 after buying an additional 10,384 shares during the period. Baupost Group LLC MA grew its stake in shares of Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after acquiring an additional 158,171 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Eagle Materials in the third quarter worth $920,000. Finally, Natixis Advisors LLC increased its position in shares of Eagle Materials by 11.8% during the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock worth $7,843,000 after acquiring an additional 2,871 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director now owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,866 shares of company stock worth $5,205,311. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded down $2.10 on Friday, hitting $236.82. The stock had a trading volume of 42,341 shares, compared to its average volume of 233,535. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 16.72 and a beta of 1.37. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 52-week low of $197.58 and a 52-week high of $321.93. The company’s 50 day moving average price is $280.95 and its 200 day moving average price is $265.85.

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

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Eagle Materials’s payout ratio is 7.06%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXP. Truist Financial boosted their target price on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $334.00 to $280.00 in a research note on Monday. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Eagle Materials has a consensus rating of “Hold” and an average price target of $301.44.

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.