3,198 Shares in Eagle Materials Inc. (NYSE:EXP) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,198 shares of the construction company's stock, valued at approximately $920,000.

Several other hedge funds have also made changes to their positions in EXP. Eagle Bay Advisors LLC lifted its stake in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company's stock valued at $26,000 after purchasing an additional 42 shares in the last quarter. Bessemer Group Inc. grew its stake in Eagle Materials by 132.7% during the first 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 period. Acadian Asset Management LLC acquired a new stake in shares of Eagle Materials in the first quarter worth $42,000. McClarren Financial Advisors Inc. raised its stake in shares of Eagle Materials by 10,750.0% in the 2nd 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. Finally, EntryPoint Capital LLC lifted its holdings in shares of Eagle Materials by 1,760.0% during the 1st 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. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EXP shares. Citigroup upped their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Stephens boosted their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Truist Financial upped their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $303.78.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

EXP stock traded up $0.30 on Thursday, reaching $308.55. The company's stock had a trading volume of 88,067 shares, compared to its average volume of 305,298. Eagle Materials Inc. has a 52 week low of $172.20 and a 52 week high of $317.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company has a market capitalization of $10.35 billion, a P/E ratio of 21.77 and a beta of 1.32. The firm has a fifty day moving average of $286.35 and a two-hundred day moving average of $256.53.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same period in the previous year, the firm posted $4.28 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. As a group, analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Monday, December 16th. Eagle Materials's payout ratio is presently 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.