Eagle Materials Inc. (NYSE:EXP) is Baupost Group LLC MA's 10th Largest Position

Baupost Group LLC MA boosted its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 46.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,273 shares of the construction company's stock after purchasing an additional 158,171 shares during the quarter. Eagle Materials comprises 4.1% of Baupost Group LLC MA's investment portfolio, making the stock its 10th largest holding. Baupost Group LLC MA owned 1.49% of Eagle Materials worth $143,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CIBC Asset Management Inc raised its position in 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 purchasing an additional 37 shares during the last quarter. Financial Strategies Group Inc. raised its position in 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 buying an additional 43 shares during the last quarter. Arizona State Retirement System raised its position in Eagle Materials by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 9,644 shares of the construction company's stock worth $2,097,000 after buying an additional 56 shares during the last quarter. Bessemer Group Inc. raised its position in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock worth $31,000 after buying an additional 65 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in Eagle Materials by 3.2% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company's stock worth $744,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Activity at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the firm's 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 sale, the senior vice president now directly owns 13,212 shares of the company's stock, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George John Damiris sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,866 shares of company stock valued at $5,482,931. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXP. Jefferies Financial Group upped their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Truist Financial upped their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Finally, Loop Capital cut shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Monday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $304.89.

Eagle Materials Stock Performance

NYSE:EXP opened at $309.96 on Wednesday. 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 Inc. has a fifty-two week low of $177.67 and a fifty-two week high of $321.93. The stock has a market cap of $10.40 billion, a PE ratio of 21.89 and a beta of 1.32. The firm's fifty day simple moving average is $294.49 and its 200-day simple moving average is $259.03.

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 analysts' consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. Eagle Materials's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be paid 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 payout ratio is 7.06%.

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.

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