Hsbc Holdings PLC Makes New Investment in Eagle Materials Inc. (NYSE:EXP)

Hsbc Holdings PLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 7,480 shares of the construction company’s stock, valued at approximately $761,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners grew its holdings in Eagle Materials by 1.1% during the 4th quarter. Boston Partners now owns 1,387,948 shares of the construction company’s stock valued at $140,669,000 after buying an additional 14,696 shares in the last quarter. Federated Hermes Inc. boosted its stake in Eagle Materials by 2.3% during the fourth quarter. Federated Hermes Inc. now owns 1,174,745 shares of the construction company’s stock valued at $119,061,000 after buying an additional 25,879 shares during the period. Sprucegrove Investment Management Ltd. purchased a new position in Eagle Materials during the fourth quarter worth about $92,543,000. Janus Henderson Group PLC grew its position in Eagle Materials by 72.6% during the fourth quarter. Janus Henderson Group PLC now owns 645,760 shares of the construction company’s stock worth $65,448,000 after buying an additional 271,701 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Eagle Materials by 13.8% in the 4th quarter. Lazard Asset Management LLC now owns 516,768 shares of the construction company’s stock valued at $52,374,000 after acquiring an additional 62,521 shares in the last quarter. 94.24% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP William R. Devlin sold 10,097 shares of Eagle Materials stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $119.00, for a total value of $1,201,543.00. Following the completion of the transaction, the senior vice president now owns 44,085 shares of the company’s stock, valued at approximately $5,246,115. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Martin M. Ellen sold 1,763 shares of the company’s stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $120.77, for a total transaction of $212,917.51. Following the completion of the transaction, the director now owns 7,599 shares in the company, valued at approximately $917,731.23. The disclosure for this sale can be found here. Insiders sold a total of 134,186 shares of company stock worth $15,877,861 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Shares of Eagle Materials stock opened at $137.06 on Thursday. The company has a current ratio of 3.98, a quick ratio of 2.58 and a debt-to-equity ratio of 1.07. Eagle Materials Inc. has a 12-month low of $48.56 and a 12-month high of $139.89. The company has a market cap of $5.76 billion, a P/E ratio of 38.18 and a beta of 1.30. The company’s fifty day simple moving average is $129.18 and its two-hundred day simple moving average is $106.36.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, January 28th. The construction company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.22. Eagle Materials had a net margin of 9.73% and a return on equity of 25.92%. The firm had revenue of $404.70 million for the quarter, compared to analyst estimates of $386.69 million. During the same quarter in the previous year, the firm posted $1.51 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. Analysts predict that Eagle Materials Inc. will post 6.41 EPS for the current fiscal year.

EXP has been the subject of a number of recent research reports. Raymond James boosted their price objective on shares of Eagle Materials from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 29th. Truist boosted their price target on shares of Eagle Materials from $135.00 to $160.00 in a research note on Wednesday, March 31st. Loop Capital raised their price objective on Eagle Materials from $108.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 6th. TheStreet upgraded Eagle Materials from a “c+” rating to a “b” rating in a report on Wednesday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on Eagle Materials from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Eagle Materials presently has a consensus rating of “Buy” and an average target price of $106.09.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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