Eagle Materials Inc. (NYSE:EXP) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. grew its stake in Eagle Materials Inc. (NYSE:EXP) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 180,820 shares of the construction company’s stock after acquiring an additional 18,212 shares during the period. Eagle Materials makes up 2.7% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 4th largest position. Hodges Capital Management Inc.’s holdings in Eagle Materials were worth $44,619,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EXP. Squarepoint Ops LLC bought a new position in Eagle Materials during the second quarter worth about $805,000. Millennium Management LLC raised its position in shares of Eagle Materials by 1,433.5% during the second quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock worth $3,331,000 after purchasing an additional 14,321 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Eagle Materials during the 2nd quarter valued at about $523,000. Quent Capital LLC grew its position in shares of Eagle Materials by 155.3% in the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after purchasing an additional 264 shares during the period. Finally, GAMMA Investing LLC increased its stake in Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock worth $176,000 after purchasing an additional 140 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 13,212 shares in the company, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Haack sold 11,888 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,866 shares of company stock worth $5,205,311. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EXP shares. Truist Financial upped 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. Stephens reissued an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and reduced their price target for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials has an average rating of “Hold” and an average price target of $296.80.

Eagle Materials Trading Down 1.1 %

Shares of Eagle Materials stock opened at $256.60 on Monday. The stock has a market cap of $8.54 billion, a P/E ratio of 18.33 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 12-month low of $211.44 and a 12-month high of $321.93. The business’s 50 day moving average is $264.79 and its 200-day moving average is $270.29.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Equities research analysts predict that Eagle Materials Inc. will post 14.6 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Monday, December 16th. Eagle Materials’s payout ratio is currently 7.14%.

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.