Eagle Materials Inc. (NYSE:EXP) Stock Position Increased by GW&K Investment Management LLC

GW&K Investment Management LLC grew its position in Eagle Materials Inc. (NYSE:EXP) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 322,384 shares of the construction company’s stock after purchasing an additional 2,216 shares during the period. GW&K Investment Management LLC’s holdings in Eagle Materials were worth $79,551,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in Eagle Materials by 39.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,898 shares of the construction company’s stock worth $841,000 after buying an additional 823 shares in the last quarter. Trajan Wealth LLC acquired a new position in Eagle Materials during the 3rd quarter worth $251,000. First Trust Direct Indexing L.P. acquired a new position in Eagle Materials during the 3rd quarter worth $222,000. US Bancorp DE grew its stake in shares of Eagle Materials by 1.9% in the third quarter. US Bancorp DE now owns 4,911 shares of the construction company’s stock worth $1,413,000 after purchasing an additional 90 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Eagle Materials by 40.0% during the third quarter. Van ECK Associates Corp now owns 22,485 shares of the construction company’s stock valued at $6,443,000 after purchasing an additional 6,424 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Down 1.8 %

EXP stock opened at $224.34 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The firm has a market cap of $7.47 billion, a PE ratio of 16.02 and a beta of 1.37. Eagle Materials Inc. has a 12 month low of $211.44 and a 12 month high of $321.93. The firm has a 50 day simple moving average of $248.02 and a 200 day simple moving average of $269.91.

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

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial upped their price objective 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. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a research note on Monday, November 25th. Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and decreased their price objective for the company from $330.00 to $310.00 in a report on Monday, December 16th. DA Davidson dropped their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Seven investment 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 an average rating of “Hold” and a consensus target price of $296.80.

Insider Buying and Selling

In other news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the acquisition, the director now directly owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.