Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in Eagle Materials Inc. (NYSE:EXP) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,981 shares of the construction company’s stock after purchasing an additional 41 shares during the period. Coldstream Capital Management Inc.’s holdings in Eagle Materials were worth $858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Eagle Materials by 481.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock valued at $1,808,000 after purchasing an additional 6,885 shares during the period. Ausbil Investment Management Ltd raised its position in Eagle Materials by 400.3% during the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after acquiring an additional 10,384 shares during the last quarter. Baupost Group LLC MA raised its position in Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after acquiring an additional 158,171 shares during the last quarter. Entropy Technologies LP acquired a new position in Eagle Materials during the third quarter worth about $920,000. Finally, Natixis Advisors LLC raised its position in Eagle Materials by 11.8% during the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock worth $7,843,000 after acquiring an additional 2,871 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock worth $5,482,931 over the last ninety days. 1.60% of the stock is owned by company insiders.

Eagle Materials Price Performance

Eagle Materials stock opened at $277.74 on Friday. Eagle Materials Inc. has a 1 year low of $186.72 and a 1 year high of $321.93. The firm has a 50 day moving average price of $297.40 and a 200 day moving average price of $262.72. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 19.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter in the previous year, the firm posted $4.28 earnings per share. Eagle Materials’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts predict that Eagle Materials Inc. will post 15.24 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, January 13th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.36%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Monday, November 25th. Jefferies Financial Group lifted their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. The Goldman Sachs Group lifted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial lifted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and an average price target of $307.11.

About Eagle Materials

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.