4,600 Eagle Materials Inc $EXP Shares Acquired by Skylands Capital LLC

Skylands Capital LLC raised its position in shares of Eagle Materials Inc (NYSE:EXP) by 12.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 41,900 shares of the construction company’s stock after purchasing an additional 4,600 shares during the quarter. Skylands Capital LLC’s holdings in Eagle Materials were worth $7,166,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Eagle Materials in the 2nd quarter worth approximately $688,486,000. W1M Asset Management Ltd bought a new stake in shares of Eagle Materials in the 2nd quarter valued at $155,199,000. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Materials by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock valued at $118,846,000 after purchasing an additional 16,782 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Eagle Materials in the 2nd quarter valued at $129,760,000. Finally, Bank of America Corp DE acquired a new stake in shares of Eagle Materials during the second quarter worth $66,255,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Up 0.4%

Shares of EXP stock opened at $173.38 on Thursday. Eagle Materials Inc has a fifty-two week low of $160.02 and a fifty-two week high of $245.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The stock has a 50 day simple moving average of $183.95 and a two-hundred day simple moving average of $200.91. The company has a market cap of $5.32 billion, a P/E ratio of 13.71 and a beta of 1.33.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The business had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%. Eagle Materials’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.76 earnings per share. Research analysts forecast that Eagle Materials Inc will post 12.34 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th were paid a $0.25 dividend. The ex-dividend date was Monday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Eagle Materials’s payout ratio is currently 7.91%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a research note on Friday, September 11th. Royal Bank Of Canada cut their price target on shares of Eagle Materials from $219.00 to $170.00 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. DA Davidson cut their price target on shares of Eagle Materials from $220.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, September 14th. Truist Financial decreased their price target on Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Finally, Stephens lifted their price objective on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $199.56.

Insider Activity

In related news, SVP Tony Thompson sold 3,074 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $203.96, for a total transaction of $626,973.04. Following the transaction, the senior vice president owned 10,142 shares in the company, valued at $2,068,562.32. The trade was a 23.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE: EXP) is a U.S.-based manufacturer of building materials used in residential, commercial, infrastructure and industrial construction. The company’s principal products include cement, gypsum wallboard, concrete and aggregates.

Its cement business produces and distributes Portland cement and related cement products, while its gypsum wallboard business supplies panels used in interior construction. Eagle Materials also provides ready-mixed concrete and construction aggregates, including crushed stone, sand and gravel, for building and infrastructure projects.

The company traces its history to Centex Construction Products, which was spun off from Centex Corporation in 1994 and later adopted the Eagle Materials name.