Dynamic Technology Lab Private Ltd Has $666,000 Stock Position in Eagle Materials Inc. (NYSE:EXP)

Dynamic Technology Lab Private Ltd boosted its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,285 shares of the construction company’s stock after purchasing an additional 85 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Eagle Materials were worth $666,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Eagle Materials in the 3rd quarter worth approximately $25,000. NBC Securities Inc. acquired a new stake in Eagle Materials during the third quarter worth $1,141,000. Versor Investments LP boosted its stake in Eagle Materials by 11.3% during the third quarter. Versor Investments LP now owns 4,897 shares of the construction company’s stock worth $815,000 after buying an additional 497 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in Eagle Materials in the 3rd quarter valued at $266,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Eagle Materials by 4.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 89,861 shares of the construction company’s stock valued at $14,964,000 after buying an additional 3,980 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Price Performance

Eagle Materials stock opened at $235.59 on Friday. Eagle Materials Inc. has a 52 week low of $145.03 and a 52 week high of $276.61. The firm has a market cap of $8.12 billion, a P/E ratio of 17.30 and a beta of 1.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 2.62. The business’s fifty day moving average is $258.36 and its two-hundred day moving average is $227.67.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.48). The company had revenue of $476.70 million for the quarter, compared to analyst estimates of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $2.79 EPS. Equities research analysts forecast that Eagle Materials Inc. will post 16.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Stephens increased their target price on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. StockNews.com upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup lowered their price target on Eagle Materials from $311.00 to $297.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Truist Financial increased their price objective on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $279.67.

Insider Activity

In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by insiders.

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.