Aquatic Capital Management LLC Makes New $3.48 Million Investment in Eagle Materials Inc. (NYSE:EXP)

Aquatic Capital Management LLC acquired a new position in Eagle Materials Inc. (NYSE:EXP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,109 shares of the construction company's stock, valued at approximately $3,482,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC increased its position in shares of 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 acquiring an additional 16,645 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $8,890,000. Empowered Funds LLC grew its holdings in Eagle Materials by 242.4% during the fourth quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock valued at $1,922,000 after purchasing an additional 5,514 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after buying an additional 652,836 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Eagle Materials during the 4th quarter valued at $38,115,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on EXP. Loop Capital dropped their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Truist Financial lowered their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stephens reissued an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. Finally, Stifel Nicolaus began coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $274.40.

Insider Activity

In related news, Director Michael R. Nicolais acquired 310 shares of the company's stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now owns 3,655 shares in the company, valued at $940,650.80. This trade represents a 9.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Eagle Materials Price Performance

NYSE EXP traded up $4.53 on Wednesday, reaching $226.27. 333,094 shares of the company's stock traded hands, compared to its average volume of 334,013. Eagle Materials Inc. has a 12 month low of $201.61 and a 12 month high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a 50-day simple moving average of $219.89 and a 200 day simple moving average of $254.77. The stock has a market cap of $7.53 billion, a PE ratio of 16.16 and a beta of 1.25.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

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.