Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Mariner Investment Group LLC

Mariner Investment Group LLC increased its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 950.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the construction company’s stock after buying an additional 9,500 shares during the period. Eagle Materials comprises 0.5% of Mariner Investment Group LLC’s portfolio, making the stock its 5th largest holding. Mariner Investment Group LLC’s holdings in Eagle Materials were worth $2,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EXP. Squarepoint Ops LLC purchased a new position in shares of Eagle Materials in the second quarter valued at $805,000. Millennium Management LLC increased its holdings in Eagle Materials by 1,433.5% during the 2nd quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock valued at $3,331,000 after acquiring an additional 14,321 shares in the last quarter. Delphi Management Inc. MA raised its position in Eagle Materials by 6.9% during the second quarter. Delphi Management Inc. MA now owns 7,808 shares of the construction company’s stock worth $1,698,000 after acquiring an additional 503 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of Eagle Materials by 5.6% in the second quarter. Dana Investment Advisors Inc. now owns 5,931 shares of the construction company’s stock valued at $1,290,000 after purchasing an additional 315 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Eagle Materials in the second quarter valued at approximately $523,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXP has been the subject of several research reports. Stephens cut their price objective on Eagle Materials from $325.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and cut their price target for the stock from $334.00 to $280.00 in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, Truist Financial raised their price target 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $300.89.

Insider Buying and Selling at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,866 shares of company stock valued at $5,205,311. Company insiders own 1.60% of the company’s stock.

Eagle Materials Trading Up 0.4 %

NYSE EXP opened at $262.28 on Monday. The company has a market cap of $8.80 billion, a P/E ratio of 18.52 and a beta of 1.37. Eagle Materials Inc. has a 12 month low of $204.27 and a 12 month high of $321.93. 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 50-day moving average of $269.51 and a 200-day moving average of $269.43.

Eagle Materials (NYSE:EXP) last issued its quarterly 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 for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company posted $4.28 EPS. As a group, equities analysts predict that Eagle Materials Inc. will post 15.11 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s payout ratio is currently 7.06%.

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.