Burney Co. Has $424,000 Stake in Eagle Materials Inc. (NYSE:EXP)

Burney Co. boosted its position in Eagle Materials Inc. (NYSE:EXP) by 53.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,720 shares of the construction company’s stock after purchasing an additional 602 shares during the period. Burney Co.’s holdings in Eagle Materials were worth $424,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Eagle Materials by 78.1% in the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock valued at $10,915,000 after buying an additional 16,645 shares during the last quarter. Ausbil Investment Management Ltd raised its stake in shares of Eagle Materials by 400.3% during the third 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 last quarter. Baupost Group LLC MA lifted its holdings in shares of Eagle Materials by 46.2% during the third 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 during the period. Entropy Technologies LP bought a new stake in shares of Eagle Materials in the third quarter worth $920,000. Finally, Natixis Advisors LLC increased its holdings in Eagle Materials by 11.8% in 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXP has been the topic of several recent research reports. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Monday, November 25th. JPMorgan Chase & Co. upped their target price on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, Truist Financial increased 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $301.44.

Insider Transactions at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now owns 1,100 shares in the company, valued at approximately $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,866 shares of company stock valued at $5,205,311 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $256.82 on Friday. Eagle Materials Inc. has a twelve month low of $198.89 and a twelve month high of $321.93. The stock’s 50 day moving average is $274.37 and its 200-day moving average is $267.15. 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 $8.61 billion, a price-to-earnings ratio of 18.14 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data 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 business 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 quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.28 EPS. Sell-side analysts forecast that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.06%.

About Eagle Materials

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.