Twinbeech Capital LP Invests $6.23 Million in Eagle Materials Inc. (NYSE:EXP)

Twinbeech Capital LP bought a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,232 shares of the construction company's stock, valued at approximately $6,226,000. Twinbeech Capital LP owned approximately 0.08% of Eagle Materials as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EXP. JPMorgan Chase & Co. raised its position in shares of Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after purchasing an additional 652,836 shares in the last quarter. Norges Bank acquired a new position in shares of Eagle Materials in the 4th quarter valued at approximately $93,672,000. Raymond James Financial Inc. acquired a new position in shares of Eagle Materials in the 4th quarter valued at approximately $38,115,000. Baupost Group LLC MA raised its position in shares of Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after purchasing an additional 137,950 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new position in shares of Eagle Materials in the 4th quarter valued at approximately $28,778,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on EXP. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the company a "hold" rating in a research report on Wednesday. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a research report on Wednesday. Truist Financial dropped their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, DA Davidson dropped their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $260.00.

Eagle Materials Stock Performance

EXP traded up $1.11 during trading on Friday, reaching $214.77. 316,775 shares of the company were exchanged, compared to its average volume of 337,780. The stock has a market cap of $7.15 billion, a P/E ratio of 15.34 and a beta of 1.36. The firm has a 50 day moving average of $223.74 and a 200 day moving average of $246.98. 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 Inc. has a 52 week low of $201.61 and a 52 week high of $321.93.

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

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Eagle Materials's payout ratio is 7.27%.

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.