Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC increased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,394 shares of the construction company’s stock after acquiring an additional 1,405 shares during the period. Curi RMB Capital LLC owned about 0.35% of Eagle Materials worth $33,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC increased its holdings in Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after purchasing an additional 42 shares during the period. Financial Strategies Group Inc. raised its holdings in Eagle Materials by 4.4% in the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company’s stock valued at $304,000 after acquiring an additional 43 shares in the last quarter. Arizona State Retirement System raised its holdings in Eagle Materials by 0.6% in the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock valued at $2,097,000 after acquiring an additional 56 shares in the last quarter. Bessemer Group Inc. lifted its stake in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its holdings in Eagle Materials by 3.2% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company’s stock worth $744,000 after acquiring an additional 79 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $4,148,568. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George John Damiris sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Eagle Materials Price Performance

Eagle Materials stock opened at $308.25 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $10.34 billion, a PE ratio of 21.77 and a beta of 1.32. The firm’s 50-day simple moving average is $286.35 and its 200 day simple moving average is $256.53. Eagle Materials Inc. has a 52 week low of $171.19 and a 52 week high of $317.00.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share 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 analysts’ expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $4.28 EPS. On average, equities research analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current fiscal 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio is presently 7.06%.

Analysts Set New Price Targets

EXP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Truist Financial raised 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. Jefferies Financial Group boosted their target price on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group boosted 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $303.78.

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.