Entropy Technologies LP Makes New $920,000 Investment in Eagle Materials Inc. (NYSE:EXP)

Entropy Technologies LP bought a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,198 shares of the construction company's stock, valued at approximately $920,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXP. Epoch Investment Partners Inc. boosted its holdings in shares of Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock valued at $175,111,000 after buying an additional 162,049 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Eagle Materials by 4.9% during the second quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company's stock worth $129,449,000 after purchasing an additional 28,003 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock worth $115,189,000 after purchasing an additional 132,677 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Eagle Materials by 61.6% during the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company's stock worth $138,485,000 after purchasing an additional 194,342 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Eagle Materials by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company's stock valued at $95,455,000 after purchasing an additional 3,897 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded up $0.30 during trading on Thursday, reaching $308.55. The company's stock had a trading volume of 88,067 shares, compared to its average volume of 305,298. The business has a 50 day moving average price of $286.35 and a 200-day moving average price of $256.53. Eagle Materials Inc. has a 12-month low of $172.20 and a 12-month high of $317.00. The company has a market capitalization of $10.35 billion, a P/E ratio of 21.77 and a beta of 1.32. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to analysts' expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.28 earnings per share. As a group, sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

Insider Activity

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated 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 transaction, the senior vice president now owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

EXP has been the subject of a number of research reports. The Goldman Sachs Group boosted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. increased their target price 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 boosted their price target on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group increased their price objective on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Eagle Materials presently has a consensus rating of "Moderate Buy" and an average price target of $303.78.

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.