688 Shares in Eagle Materials Inc. (NYSE:EXP) Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC bought a new position in shares of Eagle Materials Inc. (NYSE:EXP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 688 shares of the construction company’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Truist Financial Corp grew its position in Eagle Materials by 1.1% during the fourth quarter. Truist Financial Corp now owns 19,610 shares of the construction company’s stock worth $4,839,000 after buying an additional 219 shares in the last quarter. CIBC Asset Management Inc grew its position in Eagle Materials by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company’s stock worth $268,000 after buying an additional 54 shares in the last quarter. Monument Capital Management grew its position in Eagle Materials by 1.2% during the fourth quarter. Monument Capital Management now owns 12,083 shares of the construction company’s stock worth $2,982,000 after buying an additional 141 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Eagle Materials by 2.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,941 shares of the construction company’s stock worth $1,219,000 after purchasing an additional 128 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Eagle Materials by 7.1% in the 4th quarter. Blue Trust Inc. now owns 920 shares of the construction company’s stock worth $227,000 after purchasing an additional 61 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the company’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Eagle Materials Price Performance

EXP opened at $224.46 on Friday. The stock’s 50 day simple moving average is $250.69 and its 200 day simple moving average is $270.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. Eagle Materials Inc. has a 1 year low of $211.44 and a 1 year high of $321.93. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 16.03 and a beta of 1.37.

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

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXP. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. The Goldman Sachs Group upped their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. JPMorgan Chase & Co. upped their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Truist Financial upped their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $296.80.

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.