Guided Capital Wealth Management LLC Makes New $947,000 Investment in Eagle Materials Inc. (NYSE:EXP)

Guided Capital Wealth Management LLC bought a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,839 shares of the construction company's stock, valued at approximately $947,000. Eagle Materials makes up about 0.9% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its holdings in shares of Eagle Materials by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company's stock valued at $297,000 after acquiring an additional 37 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company's stock valued at $858,000 after purchasing an additional 41 shares in the last quarter. Financial Strategies Group Inc. increased its position in shares of Eagle Materials by 4.4% during the 3rd quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company's stock worth $304,000 after purchasing an additional 43 shares during the last quarter. National Bank of Canada FI increased its position in shares of Eagle Materials by 1.5% during the 3rd quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock worth $1,114,000 after purchasing an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Eagle Materials by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after purchasing an additional 65 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. DA Davidson cut their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Truist Financial boosted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $296.80.

Eagle Materials Stock Performance

NYSE:EXP traded up $1.97 during mid-day trading on Friday, hitting $252.47. 239,537 shares of the stock were exchanged, compared to its average volume of 306,511. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The firm's 50-day simple moving average is $254.52 and its 200 day simple moving average is $271.06. Eagle Materials Inc. has a fifty-two week low of $211.44 and a fifty-two week high of $321.93. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 18.03 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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%. As a group, equities analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is currently 7.14%.

Insider Buying and Selling

In other news, CEO Michael Haack sold 11,888 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Nicolais purchased 310 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the purchase, the director now owns 3,655 shares of the company's stock, valued at $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.

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.