Bretton Capital Management LLC Acquires Shares of 14,000 Eagle Materials Inc. (NYSE:EXP)

Bretton Capital Management LLC acquired a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,000 shares of the construction company's stock, valued at approximately $4,027,000. Eagle Materials comprises about 3.8% of Bretton Capital Management LLC's investment portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXP. Baupost Group LLC MA purchased a new position in Eagle Materials during the first quarter worth about $71,199,000. Captrust Financial Advisors raised its holdings in shares of Eagle Materials by 61.6% in the 1st 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 during the period. Jupiter Asset Management Ltd. lifted its stake in shares of Eagle Materials by 3,537.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 172,779 shares of the construction company's stock valued at $46,953,000 after purchasing an additional 168,029 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in 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 purchasing an additional 162,049 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Eagle Materials by 33.4% in the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock worth $115,189,000 after acquiring an additional 132,677 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded down $2.66 on Thursday, hitting $305.59. 212,855 shares of the company traded hands, compared to its average volume of 305,863. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a market cap of $10.25 billion, a P/E ratio of 21.60 and a beta of 1.32. The firm's 50-day simple moving average is $286.35 and its 200 day simple moving average is $256.53. Eagle Materials Inc. has a 12-month low of $172.20 and a 12-month high of $317.00.

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

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Monday, December 16th. Eagle Materials's dividend payout ratio is presently 7.06%.

Insiders Place Their Bets

In related news, SVP Tony Thompson sold 1,401 shares of the 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 transaction, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EXP shares. Raymond James cut shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. Truist Financial raised their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Stephens upped their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group increased their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $303.78.

Eagle Materials Company 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.