Cambiar Investors LLC Takes $1.32 Million Position in Eagle Materials Inc $EXP

Key Points

• Cambiar Investors LLC established a new position in Eagle Materials, buying 6,393 shares in the 4th quarter valued at about $1.32 million.
• Institutional ownership is very high at 96.07%, with major holders like Baupost, BNY Mellon, Mirae Asset and Ameriprise significantly increasing stakes (Baupost now owns ~939,660 shares worth ~$219M).
• Wall Street sentiment is an average "Hold" with a mean target price of $228.36 (stock opened near $199.73), while several firms have recently trimmed targets and ratings.

Cambiar Investors LLC bought a new position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,393 shares of the construction company's stock, valued at approximately $1,321,000.

Several other institutional investors and hedge funds have also bought and sold shares of EXP. Baupost Group LLC MA boosted its stake in Eagle Materials by 39.0% during the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company's stock worth $218,978,000 after acquiring an additional 263,403 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Eagle Materials during the third quarter worth $51,812,000. Bank of New York Mellon Corp boosted its stake in Eagle Materials by 61.1% during the third quarter. Bank of New York Mellon Corp now owns 500,474 shares of the construction company's stock worth $116,630,000 after acquiring an additional 189,725 shares in the last quarter. Cartenna Capital LP bought a new position in Eagle Materials during the third quarter worth $29,480,000. Finally, Ameriprise Financial Inc. boosted its stake in Eagle Materials by 56.9% during the second quarter. Ameriprise Financial Inc. now owns 227,869 shares of the construction company's stock worth $46,047,000 after acquiring an additional 82,679 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXP shares. Citigroup cut their target price on shares of Eagle Materials from $232.00 to $224.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 3rd. Truist Financial reissued a "hold" rating and set a $210.00 target price (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Zacks Research raised shares of Eagle Materials from a "strong sell" rating to a "hold" rating in a research note on Monday, March 23rd. Wall Street Zen raised shares of Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, Wells Fargo & Company cut their target price on shares of Eagle Materials from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $228.36.

Eagle Materials Stock Up 0.1%

Eagle Materials stock opened at $199.73 on Monday. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $243.64. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 15.12 and a beta of 1.39. The firm's fifty day moving average price is $205.78 and its two-hundred day moving average price is $216.01. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same period last year, the business posted $3.59 earnings per share. The firm's quarterly revenue was down .4% on a year-over-year basis. On average, equities research analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials's dividend payout ratio (DPR) is 7.57%.

Eagle Materials Profile

Eagle Materials Inc NYSE: EXP is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

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