Eagle Materials Inc. (NYSE:EXP) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 53.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,460 shares of the construction company's stock after buying an additional 2,238 shares during the period. NewEdge Advisors LLC's holdings in Eagle Materials were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its stake in Eagle Materials by 78.1% in the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company's stock worth $10,915,000 after purchasing an additional 16,645 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Eagle Materials during the fourth quarter worth approximately $8,890,000. Empowered Funds LLC grew its stake in Eagle Materials by 242.4% in the 4th quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock valued at $1,922,000 after acquiring an additional 5,514 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after purchasing an additional 652,836 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Eagle Materials during the fourth quarter valued at approximately $38,115,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXP. Loop Capital lowered their price target on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research report on Tuesday, April 1st. DA Davidson dropped their price target on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Stephens reissued an "overweight" rating and set a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Truist Financial reduced their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Eagle Materials presently has a consensus rating of "Hold" and a consensus target price of $274.40.

Insider Activity

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The stock was bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded down $0.48 on Tuesday, reaching $220.88. 52,302 shares of the stock were exchanged, compared to its average volume of 331,984. The firm has a market capitalization of $7.35 billion, a PE ratio of 15.82 and a beta of 1.25. Eagle Materials Inc. has a 1-year low of $201.61 and a 1-year high of $321.93. The business has a fifty day moving average price of $220.06 and a two-hundred day moving average price of $255.20. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Eagle Materials Announces Dividend

The firm also recently announced 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 0.45%. The ex-dividend date was Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is 7.14%.

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.