Asio Capital LLC Acquires 691 Shares of Eagle Materials Inc. (NYSE:EXP)

Asio Capital LLC lifted its stake in Eagle Materials Inc. (NYSE:EXP) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,608 shares of the construction company’s stock after acquiring an additional 691 shares during the quarter. Asio Capital LLC’s holdings in Eagle Materials were worth $2,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials during the 3rd quarter worth approximately $64,000. Quent Capital LLC increased its holdings in Eagle Materials by 155.3% during the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after buying an additional 264 shares during the last quarter. GAMMA Investing LLC raised its position in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after acquiring an additional 65 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in Eagle Materials by 23.5% in the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after acquiring an additional 120 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in shares of Eagle Materials by 789.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock valued at $202,000 after acquiring an additional 624 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Up 0.4 %

EXP stock opened at $262.28 on Friday. Eagle Materials Inc. has a 52 week low of $204.27 and a 52 week high of $321.93. The company has a market capitalization of $8.80 billion, a PE ratio of 18.52 and a beta of 1.37. The company’s 50-day simple moving average is $269.51 and its 200 day simple moving average is $269.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same quarter in the previous year, the company earned $4.28 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc. will post 15.11 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were issued a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.38%. Eagle Materials’s dividend payout ratio is presently 7.06%.

Insider Activity

In other news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This trade represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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. Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Stephens decreased their price objective on shares of Eagle Materials from $325.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $300.89.

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.