Thurston Springer Miller Herd & Titak Inc. Acquires 1,352 Shares of Eagle Materials Inc. (NYSE:EXP)

Thurston Springer Miller Herd & Titak Inc. lifted its stake in Eagle Materials Inc. (NYSE:EXP) by 62.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,512 shares of the construction company’s stock after buying an additional 1,352 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Eagle Materials were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EXP. Commonwealth Equity Services LLC lifted its position in shares of Eagle Materials by 7.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,717 shares of the construction company’s stock valued at $591,000 after acquiring an additional 180 shares during the period. American Century Companies Inc. raised its stake in Eagle Materials by 18.0% in the second quarter. American Century Companies Inc. now owns 76,797 shares of the construction company’s stock valued at $16,700,000 after purchasing an additional 11,702 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Eagle Materials by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 105,768 shares of the construction company’s stock worth $23,000,000 after purchasing an additional 10,835 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Eagle Materials by 13.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,969 shares of the construction company’s stock worth $863,000 after buying an additional 470 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Eagle Materials during the second quarter worth about $1,409,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP opened at $251.06 on Thursday. 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 stock has a market cap of $8.42 billion, a PE ratio of 17.73 and a beta of 1.37. Eagle Materials Inc. has a 12-month low of $197.58 and a 12-month high of $321.93. The business has a 50-day simple moving average of $277.85 and a two-hundred day simple moving average of $267.06.

Eagle Materials (NYSE:EXP) last released 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 firm had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same period in the prior year, the company earned $4.28 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Eagle Materials’s dividend payout ratio is 7.06%.

Insider Activity at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This represents a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,866 shares of company stock worth $5,205,311 over the last three months. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EXP shares. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. The Goldman Sachs Group lifted their price target on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital downgraded 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. Finally, Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.