Barclays PLC Buys 16,645 Shares of Eagle Materials Inc. (NYSE:EXP)

Barclays PLC increased its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 78.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,948 shares of the construction company's stock after acquiring an additional 16,645 shares during the quarter. Barclays PLC owned 0.11% of Eagle Materials worth $10,915,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc lifted 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 worth $297,000 after purchasing an additional 37 shares in the last quarter. Financial Strategies Group Inc. lifted its stake in shares of Eagle Materials by 4.4% in the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company's stock valued at $304,000 after buying an additional 43 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Eagle Materials by 0.6% during the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company's stock valued at $2,097,000 after buying an additional 56 shares during the last quarter. National Bank of Canada FI increased its position in shares of Eagle Materials by 1.5% during the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock worth $1,114,000 after acquiring an additional 57 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its holdings in shares of Eagle Materials by 3.2% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company's stock worth $744,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares of the company's stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Loop Capital lowered Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Monday, November 25th. The Goldman Sachs Group upped 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. Jefferies Financial Group downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and cut their price target for the stock from $330.00 to $310.00 in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Finally, Truist Financial increased their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $304.89.

Eagle Materials Price Performance

NYSE:EXP traded down $1.82 during mid-day trading on Tuesday, hitting $266.15. 305,594 shares of the stock traded hands, compared to its average volume of 304,583. Eagle Materials Inc. has a 12-month low of $195.93 and a 12-month high of $321.93. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The company has a market cap of $8.93 billion, a PE ratio of 18.80 and a beta of 1.33. The business's 50-day moving average price is $296.42 and its 200 day moving average price is $263.90.

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

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Monday, December 16th. Eagle Materials's payout ratio is currently 7.06%.

Eagle Materials 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.