Two Sigma Investments LP Acquires 18,639 Shares of Eagle Materials Inc. (NYSE:EXP)

Two Sigma Investments LP raised its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 329.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,296 shares of the construction company's stock after acquiring an additional 18,639 shares during the period. Two Sigma Investments LP owned approximately 0.07% of Eagle Materials worth $5,995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Private Trust Co. NA grew its stake in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after buying an additional 71 shares in the last quarter. Huntington National Bank grew its stake in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after buying an additional 144 shares in the last quarter. R Squared Ltd purchased a new position in shares of Eagle Materials in the 4th quarter worth $81,000. LGT Financial Advisors LLC grew its stake in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after buying an additional 310 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Eagle Materials in the 4th quarter worth $125,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Down 1.4%

EXP traded down $2.85 on Friday, reaching $202.12. 752,470 shares of the company traded hands, compared to its average volume of 342,526. Eagle Materials Inc. has a one year low of $199.66 and a one year high of $321.93. The firm has a fifty day simple moving average of $222.40 and a two-hundred day simple moving average of $243.42. The company has a market cap of $6.61 billion, a P/E ratio of 14.44 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.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The company had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same quarter in the previous year, the business earned $2.24 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Eagle Materials's payout ratio is 7.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Truist Financial dropped their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Loop Capital dropped their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, DA Davidson dropped their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $254.44.

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.