Trust Point Inc. Boosts Stake in Eagle Materials Inc. (NYSE:EXP)

Trust Point Inc. lifted its holdings in Eagle Materials Inc. (NYSE:EXP) by 28.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,863 shares of the construction company’s stock after purchasing an additional 630 shares during the quarter. Trust Point Inc.’s holdings in Eagle Materials were worth $706,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hodges Capital Management Inc. grew its holdings in Eagle Materials by 11.2% in the fourth quarter. Hodges Capital Management Inc. now owns 180,820 shares of the construction company’s stock valued at $44,619,000 after purchasing an additional 18,212 shares during the period. Financial Strategies Group Inc. grew its stake in Eagle Materials by 28.2% in the 4th quarter. Financial Strategies Group Inc. now owns 1,310 shares of the construction company’s stock valued at $308,000 after acquiring an additional 288 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in Eagle Materials by 1.5% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 5,646 shares of the construction company’s stock worth $1,392,000 after acquiring an additional 82 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Eagle Materials during the fourth quarter worth $8,411,000. Finally, Hamilton Point Investment Advisors LLC purchased a new position in Eagle Materials during the fourth quarter valued at $4,449,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. DA Davidson cut their target price on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. 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 report on Wednesday, November 27th. The Goldman Sachs Group boosted their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial raised their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $296.80.

Insider Buying and Selling at Eagle Materials

In other news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total value of $1,074,173.10. Following the completion of the sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Down 0.2 %

EXP stock opened at $253.28 on Wednesday. Eagle Materials Inc. has a one year low of $211.44 and a one year high of $321.93. The firm has a market cap of $8.43 billion, a PE ratio of 18.09 and a beta of 1.37. The firm’s 50 day moving average price is $262.42 and its 200-day moving average price is $270.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

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

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date was Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

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.