Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 242.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,789 shares of the construction company's stock after purchasing an additional 5,514 shares during the period. Empowered Funds LLC's holdings in Eagle Materials were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Meritage Portfolio Management grew its holdings in Eagle Materials by 12.4% in the 4th quarter. Meritage Portfolio Management now owns 2,611 shares of the construction company's stock valued at $644,000 after buying an additional 288 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Eagle Materials by 1.9% in the fourth quarter. Tectonic Advisors LLC now owns 8,594 shares of the construction company's stock valued at $2,121,000 after purchasing an additional 162 shares during the period. First Dallas Securities Inc. increased its position in Eagle Materials by 6.4% during the fourth quarter. First Dallas Securities Inc. now owns 15,200 shares of the construction company's stock worth $3,751,000 after purchasing an additional 917 shares during the last quarter. RBA Wealth Management LLC raised its stake in Eagle Materials by 1.0% during the fourth quarter. RBA Wealth Management LLC now owns 21,891 shares of the construction company's stock worth $5,402,000 after purchasing an additional 214 shares during the period. Finally, Trust Point Inc. boosted its holdings in Eagle Materials by 28.2% in the 4th quarter. Trust Point Inc. now owns 2,863 shares of the construction company's stock valued at $706,000 after purchasing an additional 630 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

EXP has been the subject of a number of recent analyst reports. 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. lifted their target price on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Stephens reaffirmed an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday, November 25th. Finally, Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and decreased their target price for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of "Hold" and a consensus target price of $296.80.

Insider Transactions at Eagle Materials

In related news, CEO Michael Haack sold 11,888 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael R. Nicolais bought 310 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now directly owns 3,655 shares of the company's stock, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company's stock.

Eagle Materials Stock Down 4.0 %

Shares of NYSE EXP traded down $10.04 during midday trading on Wednesday, hitting $240.48. The company's stock had a trading volume of 329,279 shares, compared to its average volume of 320,338. Eagle Materials Inc. has a 1 year low of $211.44 and a 1 year high of $321.93. The business's fifty day simple moving average is $253.32 and its two-hundred day simple moving average is $270.96. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 17.18 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. On average, equities analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's payout ratio is presently 7.14%.

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.