Barclays PLC Buys 16,645 Shares of Eagle Materials Inc. (NYSE:EXP)

Barclays PLC lifted its stake in Eagle Materials Inc. (NYSE:EXP) by 78.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,948 shares of the construction company’s stock after acquiring an additional 16,645 shares during the quarter. Barclays PLC’s holdings in Eagle Materials were worth $10,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. raised its stake in Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after buying an additional 215 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Eagle Materials in the third quarter worth $64,000. Quent Capital LLC increased its position in Eagle Materials by 155.3% during the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after acquiring an additional 264 shares during the last quarter. Blue Trust Inc. boosted its position in Eagle Materials by 22.5% in the second quarter. Blue Trust Inc. now owns 680 shares of the construction company’s stock worth $148,000 after purchasing an additional 125 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after purchasing an additional 140 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 1.8 %

Shares of EXP opened at $268.02 on Tuesday. Eagle Materials Inc. has a 12-month low of $195.93 and a 12-month high of $321.93. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $8.99 billion, a PE ratio of 18.93 and a beta of 1.33. The business’s 50 day moving average is $296.87 and its 200 day moving average is $263.66.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $4.28 EPS. Research analysts expect that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.37%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio is presently 7.06%.

Insiders Place Their Bets

In other news, 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 sale, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction dated 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 transaction, the director now owns 1,100 shares of the company’s stock, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock valued at $5,205,311 in the last quarter. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EXP shares. Truist Financial increased their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $330.00 to $310.00 in a research note on Monday. The Goldman Sachs Group lifted their target price on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $304.89.

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.