Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P raised its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,969 shares of the construction company’s stock after buying an additional 279 shares during the period. Loomis Sayles & Co. L P owned approximately 0.24% of Eagle Materials worth $23,579,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd increased its position in shares of Eagle Materials by 789.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock valued at $202,000 after purchasing an additional 624 shares during the period. Larson Financial Group LLC grew its holdings in Eagle Materials by 43.1% during the third quarter. Larson Financial Group LLC now owns 1,395 shares of the construction company’s stock worth $401,000 after acquiring an additional 420 shares during the period. Cerity Partners LLC raised its position in Eagle Materials by 23.8% in the third quarter. Cerity Partners LLC now owns 13,924 shares of the construction company’s stock worth $4,005,000 after acquiring an additional 2,679 shares in the last quarter. Citigroup Inc. raised its position in Eagle Materials by 34.6% in the third quarter. Citigroup Inc. now owns 21,828 shares of the construction company’s stock worth $6,279,000 after acquiring an additional 5,614 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in Eagle Materials by 0.8% in the 3rd quarter. King Luther Capital Management Corp now owns 46,562 shares of the construction company’s stock valued at $13,394,000 after acquiring an additional 355 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 company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value 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. This represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. The trade was a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock worth $5,482,931 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EXP shares. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. 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. 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 note on Monday. Stephens lifted their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group upped their target price on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.89.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $309.96 on Wednesday. Eagle Materials Inc. has a 12 month low of $177.67 and a 12 month high of $321.93. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The stock has a market cap of $10.40 billion, a PE ratio of 21.89 and a beta of 1.32. The business has a fifty day simple moving average of $294.49 and a 200-day simple moving average of $259.03.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.28 earnings per share. On average, sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Monday, December 16th. Eagle Materials’s payout ratio is presently 7.06%.

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.