Hodges Capital Management Inc. Sells 14,877 Shares of Eagle Materials Inc. (NYSE:EXP)

Hodges Capital Management Inc. trimmed its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 8.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 162,608 shares of the construction company's stock after selling 14,877 shares during the period. Eagle Materials makes up about 3.0% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 2nd biggest position. Hodges Capital Management Inc. owned 0.48% of Eagle Materials worth $46,774,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in Eagle Materials by 30.1% in the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock valued at $1,093,432,000 after purchasing an additional 878,400 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in Eagle Materials by 25.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock worth $175,111,000 after acquiring an additional 162,049 shares during the last quarter. William Blair Investment Management LLC increased its position in Eagle Materials by 4.9% in the 2nd quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company's stock valued at $129,449,000 after acquiring an additional 28,003 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Eagle Materials by 33.4% in the second 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 last quarter. Finally, Baupost Group LLC MA lifted its position in shares of Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock worth $143,904,000 after purchasing an additional 158,171 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George John Damiris sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now directly owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,866 shares of company stock valued at $5,482,931 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Eagle Materials Trading Down 1.1 %

Eagle Materials stock traded down $3.30 during midday trading on Friday, hitting $296.70. 287,030 shares of the stock were exchanged, compared to its average volume of 224,306. Eagle Materials Inc. has a 52 week low of $184.68 and a 52 week high of $321.93. The stock has a market capitalization of $9.95 billion, a PE ratio of 20.95 and a beta of 1.33. The company has a fifty day simple moving average of $297.79 and a two-hundred day simple moving average of $261.87. 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 (NYSE:EXP - Get Free Report) last announced its earnings results 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 business had revenue of $623.62 million for 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 firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.28 earnings per share. Equities research analysts anticipate 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. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.34%. Eagle Materials's payout ratio is 7.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXP. JPMorgan Chase & Co. raised their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. The Goldman Sachs Group boosted their target price on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price target on Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Truist Financial boosted their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a research note on Monday, November 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Eagle Materials has a consensus rating of "Moderate Buy" and an average price target of $307.11.

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.