Eagle Materials Inc. (NYSE:EXP) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lessened its position in Eagle Materials Inc. (NYSE:EXP) by 18.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,215 shares of the construction company’s stock after selling 6,945 shares during the period. Reinhart Partners LLC.’s holdings in Eagle Materials were worth $7,703,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. FMR LLC lifted its position in shares of Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after acquiring an additional 878,400 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after acquiring an additional 652,836 shares during the period. Epoch Investment Partners Inc. lifted its position in shares of Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock valued at $175,111,000 after acquiring an additional 162,049 shares in the last quarter. Baupost Group LLC MA grew its position in Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after purchasing an additional 158,171 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Eagle Materials during the 3rd quarter valued at $34,846,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EXP shares. The Goldman Sachs Group lifted their price target on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and decreased their price target for the stock from $330.00 to $310.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. 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 report on Monday, November 25th. 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Eagle Materials has an average rating of “Hold” and an average price target of $301.44.

Eagle Materials Stock Up 1.2 %

NYSE:EXP traded up $2.79 during trading hours on Monday, reaching $237.79. The company’s stock had a trading volume of 101,462 shares, compared to its average volume of 245,215. Eagle Materials Inc. has a one year low of $197.58 and a one year high of $321.93. The business’s 50-day moving average is $279.89 and its 200-day moving average is $266.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 16.79 and a beta of 1.33.

Eagle Materials (NYSE:EXP) last issued 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). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same period in the prior year, the company posted $4.28 EPS. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio is 7.06%.

Insider Transactions at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is owned by insiders.

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.