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

Andina Capital Management LLC grew its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,324 shares of the construction company’s stock after acquiring an additional 109 shares during the period. Andina Capital Management LLC’s holdings in Eagle Materials were worth $574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock valued at $10,915,000 after acquiring an additional 16,645 shares during the last quarter. Ausbil Investment Management Ltd boosted its position in shares of Eagle Materials by 400.3% in the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after buying an additional 10,384 shares during the period. Baupost Group LLC MA boosted its position in shares of Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after buying an additional 158,171 shares during the period. Entropy Technologies LP acquired a new stake in shares of Eagle Materials in the third quarter worth $920,000. Finally, Natixis Advisors LLC boosted its position in shares of Eagle Materials by 11.8% in the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock worth $7,843,000 after buying an additional 2,871 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Up 0.4 %

Eagle Materials stock opened at $262.28 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The business’s 50-day simple moving average is $269.51 and its 200-day simple moving average is $269.07. The firm has a market capitalization of $8.80 billion, a PE ratio of 18.52 and a beta of 1.37. Eagle Materials Inc. has a 52 week low of $204.27 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.28 earnings per share. Equities research analysts forecast that Eagle Materials Inc. will post 15.11 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.38%. Eagle Materials’s payout ratio is presently 7.06%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and decreased their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stephens cut their price objective on Eagle Materials from $325.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Truist Financial increased their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Six equities 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 currently has a consensus rating of “Hold” and a consensus price target of $300.89.

Insider Transactions at Eagle Materials

In related news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,866 shares of company stock worth $5,205,311. Company insiders own 1.60% of the company’s stock.

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.