Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Sprott Inc.

Sprott Inc. raised its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,695 shares of the construction company’s stock after purchasing an additional 50 shares during the period. Sprott Inc.’s holdings in Eagle Materials were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials in the 3rd quarter valued at about $64,000. R Squared Ltd acquired a new position in Eagle Materials in the fourth quarter valued at approximately $81,000. GAMMA Investing LLC boosted its stake in Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after acquiring an additional 65 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Eagle Materials during the fourth quarter valued at approximately $170,000. Finally, Central Pacific Bank Trust Division raised its position in shares of Eagle Materials by 20.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company’s stock worth $188,000 after purchasing an additional 130 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXP has been the subject of a number of analyst reports. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Monday, November 25th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and reduced their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. The Goldman Sachs Group upped their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $296.80.

Eagle Materials Stock Up 0.4 %

EXP stock opened at $228.59 on Thursday. The firm’s 50-day moving average is $248.53 and its two-hundred day moving average is $270.22. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 16.33 and a beta of 1.37. Eagle Materials Inc. has a 52 week low of $211.44 and a 52 week high of $321.93. 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 (NYSE:EXP) last announced 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 return on equity of 34.14% and a net margin of 20.91%. On average, analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the company’s stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

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.