Weybosset Research & Management LLC Buys 102 Shares of Eagle Materials Inc. (NYSE:EXP)

Weybosset Research & Management LLC raised its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,316 shares of the construction company’s stock after purchasing an additional 102 shares during the period. Eagle Materials accounts for approximately 2.9% of Weybosset Research & Management LLC’s holdings, making the stock its 18th biggest position. Weybosset Research & Management LLC owned 0.10% of Eagle Materials worth $8,468,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in Eagle Materials by 78.1% during the third quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock valued at $10,915,000 after purchasing an additional 16,645 shares during the last quarter. Ausbil Investment Management Ltd boosted its holdings in Eagle Materials by 400.3% during the 3rd quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock valued at $3,733,000 after acquiring an additional 10,384 shares during the period. Baupost Group LLC MA grew its position in Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after acquiring an additional 158,171 shares during the last quarter. Entropy Technologies LP purchased a new stake in Eagle Materials in the third quarter worth $920,000. Finally, Natixis Advisors LLC boosted its stake in shares of Eagle Materials by 11.8% during the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock valued at $7,843,000 after purchasing an additional 2,871 shares during the period. 96.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on 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 sale, the director now owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at approximately $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,866 shares of company stock valued at $5,205,311. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the topic of a number of research reports. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. Truist Financial lifted their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group raised their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $301.44.

Eagle Materials Price Performance

Shares of EXP stock traded down $2.10 during mid-day trading on Friday, hitting $236.82. 42,341 shares of the stock were exchanged, compared to its average volume of 233,535. The firm has a fifty day moving average of $280.95 and a 200 day moving average of $265.85. The company has a market cap of $7.94 billion, a PE ratio of 16.72 and a beta of 1.37. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 52-week low of $197.58 and a 52-week high of $321.93.

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

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be given 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 0.42%. Eagle Materials’s payout ratio is 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.