Larson Financial Group LLC Boosts Holdings in Eagle Materials Inc. (NYSE:EXP)

Larson Financial Group LLC increased its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 43.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,395 shares of the construction company’s stock after purchasing an additional 420 shares during the period. Larson Financial Group LLC’s holdings in Eagle Materials were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXP. Bessemer Group Inc. raised its holdings in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Eagle Materials in the 1st quarter valued at $42,000. McClarren Financial Advisors Inc. lifted its holdings in Eagle Materials by 10,750.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after purchasing an additional 215 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Eagle Materials during the 3rd quarter worth $64,000. Finally, GAMMA Investing LLC grew its holdings in shares of Eagle Materials by 23.3% during the second quarter. GAMMA Investing LLC now owns 471 shares of the construction company’s stock worth $102,000 after buying an additional 89 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 1.7 %

Shares of NYSE:EXP opened at $309.96 on Wednesday. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 21.89 and a beta of 1.32. Eagle Materials Inc. has a 12-month low of $177.67 and a 12-month high of $321.93. The business has a 50-day moving average price of $294.49 and a 200 day moving average price of $259.03. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. Eagle Materials’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.28 earnings per share. Sell-side analysts expect that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insider Transactions at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the firm’s 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 owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,866 shares of company stock valued at $5,482,931. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXP. The Goldman Sachs Group boosted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stephens boosted their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Citigroup increased their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Loop Capital cut 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. Finally, Truist Financial lifted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Eagle Materials presently has an average rating of “Moderate Buy” and a consensus target price 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.