NewEdge Wealth LLC Has $18.07 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

NewEdge Wealth LLC boosted its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,090 shares of the construction company's stock after buying an additional 10,514 shares during the quarter. NewEdge Wealth LLC owned approximately 0.26% of Eagle Materials worth $18,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXP. Larson Financial Group LLC bought a new stake in Eagle Materials in the 3rd quarter valued at $25,000. Dark Forest Capital Management LP bought a new stake in Eagle Materials in the 1st quarter valued at $26,000. BluePath Capital Management LLC bought a new stake in Eagle Materials in the 3rd quarter valued at $31,000. Point72 Middle East FZE bought a new stake in Eagle Materials in the 4th quarter valued at $31,000. Finally, Private Trust Co. NA boosted its holdings in Eagle Materials by 277.4% in the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company's stock valued at $33,000 after purchasing an additional 147 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David B. Powers sold 3,347 shares of the firm's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the sale, the director now owns 655 shares of the company's stock, valued at approximately $157,540.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,444 shares of company stock worth $4,414,889. 1.70% of the stock is currently owned by corporate insiders.

Eagle Materials Price Performance

EXP stock traded down $2.33 during trading on Friday, hitting $254.90. 258,100 shares of the stock traded hands, compared to its average volume of 296,850. Eagle Materials Inc. has a one year low of $142.10 and a one year high of $272.72. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 17.99 and a beta of 1.34. The company has a 50 day simple moving average of $254.49 and a 200 day simple moving average of $208.85. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.16. The firm had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. Equities analysts expect that Eagle Materials Inc. will post 14.29 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, March 14th. Eagle Materials's payout ratio is presently 7.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Loop Capital raised shares of Eagle Materials from a "hold" rating to a "buy" rating and raised their price objective for the stock from $170.00 to $240.00 in a report on Monday, January 8th. StockNews.com downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Eagle Materials from $215.00 to $238.00 and gave the stock a "buy" rating in a report on Friday, January 26th. Raymond James raised their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Finally, Citigroup raised their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $242.20.

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; 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.

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