Chartwell Investment Partners LLC Sells 2,234 Shares of Eagle Materials Inc. (NYSE:EXP)

Chartwell Investment Partners LLC lowered its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,868 shares of the construction company's stock after selling 2,234 shares during the period. Chartwell Investment Partners LLC owned approximately 0.06% of Eagle Materials worth $5,715,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of EXP. SG Americas Securities LLC increased its holdings in Eagle Materials by 38.8% in the first quarter. SG Americas Securities LLC now owns 5,141 shares of the construction company's stock worth $1,397,000 after buying an additional 1,438 shares during the last quarter. Sei Investments Co. raised its position in shares of Eagle Materials by 5.4% during the first quarter. Sei Investments Co. now owns 62,839 shares of the construction company's stock worth $17,076,000 after acquiring an additional 3,247 shares during the last quarter. Headlands Technologies LLC bought a new position in Eagle Materials during the first quarter worth about $55,000. Bleakley Financial Group LLC acquired a new stake in shares of Eagle Materials during the first quarter worth about $703,000. Finally, TD Asset Management Inc boosted its position in shares of Eagle Materials by 5.5% during the first quarter. TD Asset Management Inc now owns 919,714 shares of the construction company's stock worth $249,932,000 after buying an additional 47,744 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXP has been the subject of several research analyst reports. Citigroup lifted their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Jefferies Financial Group raised their target price 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 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. Stephens lifted their price target on Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Finally, Raymond James downgraded Eagle Materials from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $303.78.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction 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 transaction, the director now directly owns 7,943 shares of the company's stock, valued at $2,205,135.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Eagle Materials news, Director George John Damiris sold 1,000 shares of Eagle Materials 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 transaction, the director now owns 7,943 shares of the company's stock, valued at $2,205,135.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the company's stock in a transaction that occurred on 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 directly owns 13,212 shares of the company's stock, valued at approximately $4,148,568. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Eagle Materials Stock Down 1.0 %

NYSE:EXP traded down $3.22 during trading hours on Tuesday, reaching $310.37. The company had a trading volume of 248,175 shares, compared to its average volume of 306,616. The business's 50-day simple moving average is $283.70 and its two-hundred day simple moving average is $255.79. Eagle Materials Inc. has a twelve month low of $166.74 and a twelve month 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 firm has a market cap of $10.41 billion, a price-to-earnings ratio of 22.15 and a beta of 1.32.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share 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 the consensus estimate of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $4.28 earnings per share. On average, equities analysts expect that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

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.