Fort Washington Investment Advisors Inc. OH Has $20.57 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Fort Washington Investment Advisors Inc. OH raised its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,378 shares of the construction company's stock after purchasing an additional 16,140 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.25% of Eagle Materials worth $20,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXP. Capital Performance Advisors LLP bought a new position in shares of Eagle Materials in the third quarter valued at $64,000. Quent Capital LLC grew its position in shares of Eagle Materials by 155.3% in the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company's stock valued at $125,000 after acquiring an additional 264 shares during the period. GAMMA Investing LLC increased its stake in shares of Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company's stock worth $176,000 after purchasing an additional 140 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Eagle Materials by 23.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company's stock worth $181,000 after purchasing an additional 120 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in Eagle Materials by 789.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company's stock valued at $202,000 after purchasing an additional 624 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Eagle Materials Price Performance

Shares of NYSE:EXP traded up $3.51 during midday trading on Thursday, hitting $261.27. The stock had a trading volume of 173,604 shares, compared to its average volume of 263,379. The company's 50-day moving average price is $271.19 and its 200-day moving average price is $268.38. Eagle Materials Inc. has a fifty-two week low of $204.27 and a fifty-two week high of $321.93. 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 company has a market capitalization of $8.76 billion, a P/E ratio of 18.45 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last announced 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 firm had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.28 earnings per share. As a group, equities research analysts predict that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the firm'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 sale, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Haack sold 11,888 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares of the company's stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock worth $5,205,311 over the last 90 days. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXP. Stephens dropped their price objective on Eagle Materials from $325.00 to $310.00 and set an "overweight" rating on the stock in a research note on Wednesday. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $300.89.

About Eagle Materials

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.