Guided Capital Wealth Management LLC Takes $947,000 Position in Eagle Materials Inc. (NYSE:EXP)

Guided Capital Wealth Management LLC purchased a new stake in Eagle Materials Inc. (NYSE:EXP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,839 shares of the construction company’s stock, valued at approximately $947,000. Eagle Materials makes up approximately 0.9% of Guided Capital Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of Eagle Materials by 3.7% in the third quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock valued at $297,000 after purchasing an additional 37 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Eagle Materials by 1.4% during the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock worth $858,000 after acquiring an additional 41 shares in the last quarter. Financial Strategies Group Inc. raised its holdings in Eagle Materials by 4.4% during the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company’s stock worth $304,000 after acquiring an additional 43 shares in the last quarter. National Bank of Canada FI raised its holdings in Eagle Materials by 1.5% during the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company’s stock worth $1,114,000 after acquiring an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after acquiring an additional 65 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial upped their target price on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Stephens reiterated an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. DA Davidson dropped their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Eagle Materials presently has a consensus rating of “Hold” and a consensus target price of $296.80.

Insider Activity

In related news, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the sale, the director now owns 1,100 shares of the company’s stock, valued at $330,330. This represents a 76.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Eagle Materials Price Performance

NYSE:EXP opened at $254.99 on Wednesday. Eagle Materials Inc. has a 12-month low of $211.44 and a 12-month high of $321.93. The stock’s 50 day moving average price is $257.51 and its two-hundred day moving average price is $271.31. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 18.21 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. On average, analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Monday, March 17th. Eagle Materials’s payout ratio is 7.14%.

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.