Eagle Materials Inc. (NYSE:EXP) Shares Purchased by First Dallas Securities Inc.

First Dallas Securities Inc. boosted its stake in Eagle Materials Inc. (NYSE:EXP) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,200 shares of the construction company’s stock after acquiring an additional 917 shares during the period. Eagle Materials accounts for about 1.5% of First Dallas Securities Inc.’s holdings, making the stock its 14th biggest position. First Dallas Securities Inc.’s holdings in Eagle Materials were worth $3,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new position in shares of Eagle Materials during the 3rd quarter worth $64,000. R Squared Ltd acquired a new stake in Eagle Materials in the 4th quarter valued at $81,000. Quent Capital LLC increased its position in shares of Eagle Materials by 155.3% during the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after acquiring an additional 264 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in Eagle Materials by 20.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company’s stock valued at $188,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Eagle Materials

In related news, CEO Michael Haack sold 11,888 shares of the firm’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 sale, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,866 shares of company stock worth $5,205,311 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

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

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $253.57 on Tuesday. The company’s fifty day moving average is $263.55 and its two-hundred day moving average is $270.46. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 12-month low of $211.44 and a 12-month high of $321.93. The company has a market cap of $8.44 billion, a P/E ratio of 18.11 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last posted its quarterly 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%. Equities analysts expect that Eagle Materials Inc. will post 14.6 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s dividend payout ratio is presently 7.14%.

Eagle Materials 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.