Xponance Inc. Decreases Holdings in Eagle Materials Inc. (NYSE:EXP)

Xponance Inc. lowered its holdings in Eagle Materials Inc. (NYSE:EXP) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,389 shares of the construction company’s stock after selling 311 shares during the quarter. Xponance Inc.’s holdings in Eagle Materials were worth $1,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EXP. Asset Management One Co. Ltd. acquired a new stake in Eagle Materials during the fourth quarter worth approximately $1,085,000. NewEdge Wealth LLC grew its position in shares of Eagle Materials by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock valued at $18,071,000 after buying an additional 10,514 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Eagle Materials during the 4th quarter worth $1,988,000. Mariner LLC lifted its position in Eagle Materials by 4.1% in the third quarter. Mariner LLC now owns 9,081 shares of the construction company’s stock valued at $1,512,000 after acquiring an additional 357 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Eagle Materials by 185.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,193 shares of the construction company’s stock valued at $534,000 after acquiring an additional 2,075 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In related news, insider Eric Cribbs sold 2,000 shares of Eagle Materials stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $214.66, for a total value of $429,320.00. Following the sale, the insider now directly owns 15,654 shares in the company, valued at $3,360,287.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Eagle Materials news, insider Eric Cribbs sold 2,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.66, for a total value of $429,320.00. Following the completion of the transaction, the insider now owns 15,654 shares in the company, valued at $3,360,287.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William R. Devlin sold 2,354 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the sale, the senior vice president now owns 24,998 shares in the company, valued at $5,373,320.10. The disclosure for this sale can be found here. In the last three months, insiders sold 19,444 shares of company stock valued at $4,414,889. Corporate insiders own 1.70% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP opened at $253.13 on Thursday. The stock has a market capitalization of $8.72 billion, a P/E ratio of 17.86 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61. Eagle Materials Inc. has a 1 year low of $143.44 and a 1 year high of $272.72. The company’s fifty day moving average is $255.43 and its two-hundred day moving average is $213.67.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. The business had revenue of $558.83 million for the quarter, compared to analyst estimates of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. On average, sell-side analysts predict that Eagle Materials Inc. will post 14.23 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s payout ratio is 7.06%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial lifted their target price on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Stephens lifted their price target on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus increased their price objective on Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup lifted their target price on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.50.

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; 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.