Natixis Advisors LLC Purchases 2,871 Shares of Eagle Materials Inc. (NYSE:EXP)

Natixis Advisors LLC raised its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,265 shares of the construction company's stock after acquiring an additional 2,871 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Eagle Materials worth $7,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock valued at $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Eagle Materials in the first quarter valued at about $42,000. McClarren Financial Advisors Inc. boosted its position in shares of Eagle Materials by 10,750.0% in the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company's stock valued at $47,000 after acquiring an additional 215 shares during the period. EntryPoint Capital LLC grew its stake in shares of Eagle Materials by 1,760.0% in the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company's stock valued at $51,000 after acquiring an additional 176 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Eagle Materials during the third quarter worth about $64,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group increased their target price 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. The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Stephens upped their target price on Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Citigroup raised their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $303.78.

Eagle Materials Price Performance

Shares of EXP stock traded up $5.24 on Friday, reaching $314.35. The company had a trading volume of 241,873 shares, compared to its average volume of 303,785. The business's 50-day moving average is $292.88 and its 200 day moving average is $258.49. Eagle Materials Inc. has a one year low of $177.65 and a one year high of $317.00. 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 stock has a market capitalization of $10.54 billion, a PE ratio of 21.87 and a beta of 1.32.

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). The company had revenue of $623.62 million during the quarter, compared to the consensus estimate 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 for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $4.28 EPS. Equities research analysts forecast 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. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. 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 is currently 7.06%.

Insiders Place Their Bets

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business's 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 sale, the director now directly owns 7,943 shares of the company's stock, valued at $2,205,135.66. The trade was a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Ross Stewart sold 3,577 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares of the company's stock, valued at $330,330. The trade was a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,978 shares of company stock valued at $1,791,707 in the last 90 days. Corporate insiders own 1.60% of the company's stock.

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.