Artemis Investment Management LLP Has $66.80 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Artemis Investment Management LLP grew its stake in Eagle Materials Inc. (NYSE:EXP) by 16.2% during the 4th quarter, HoldingsChannel reports. The firm owned 270,711 shares of the construction company’s stock after acquiring an additional 37,689 shares during the quarter. Eagle Materials makes up approximately 1.0% of Artemis Investment Management LLP’s holdings, making the stock its 29th biggest holding. Artemis Investment Management LLP’s holdings in Eagle Materials were worth $66,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EXP. Capital Performance Advisors LLP acquired a new stake in shares of Eagle Materials during the 3rd quarter worth about $64,000. Quent Capital LLC boosted its position in Eagle Materials by 155.3% in the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after buying an additional 264 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 buying an additional 65 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after buying an additional 120 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Eagle Materials by 789.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock valued at $202,000 after acquiring an additional 624 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Up 0.9 %

Shares of NYSE EXP opened at $256.82 on Friday. 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 firm has a market capitalization of $8.61 billion, a PE ratio of 18.14 and a beta of 1.37. The firm’s 50-day moving average is $274.37 and its 200-day moving average is $267.52. Eagle Materials Inc. has a 1 year low of $198.89 and a 1 year high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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 net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same period in the previous year, the business posted $4.28 earnings per share. Eagle Materials’s revenue was up .2% compared to the same quarter last year. Equities analysts expect that Eagle Materials Inc. will post 15.11 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insider Activity at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now owns 85,811 shares of the company’s stock, valued at $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were 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 of the company’s stock, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,866 shares of company stock worth $5,205,311 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

EXP has been the subject of a number of recent analyst reports. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and dropped their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. JPMorgan Chase & Co. raised their target price on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $301.44.

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.