Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 365,330 shares of the construction company's stock after acquiring an additional 15,574 shares during the quarter. Captrust Financial Advisors owned about 1.10% of Eagle Materials worth $90,149,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its position 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 acquiring an additional 16,645 shares during the period. Tidal Investments LLC increased its holdings in shares of Eagle Materials by 12.7% in the third quarter. Tidal Investments LLC now owns 3,123 shares of the construction company's stock worth $898,000 after purchasing an additional 353 shares during the period. Franklin Resources Inc. raised its position in Eagle Materials by 6.9% during the third quarter. Franklin Resources Inc. now owns 162,863 shares of the construction company's stock valued at $48,435,000 after purchasing an additional 10,459 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $499,111,000 after buying an additional 652,836 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Stock Down 2.5 %

NYSE:EXP traded down $5.85 during mid-day trading on Wednesday, reaching $224.56. The company's stock had a trading volume of 405,911 shares, compared to its average volume of 333,890. The firm has a market capitalization of $7.48 billion, a PE ratio of 16.04 and a beta of 1.36. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $220.25 and a 200-day moving average of $252.36. Eagle Materials Inc. has a 1 year low of $201.61 and a 1 year high of $321.93.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 17th were paid a $0.25 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Eagle Materials's dividend payout ratio is presently 7.14%.

Insider Buying and Selling

In related news, Director Michael R. Nicolais acquired 310 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXP. 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. Stephens reiterated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Loop Capital reduced their price objective on Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a research note on Tuesday, April 1st. DA Davidson decreased their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, Truist Financial cut their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $274.40.

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.