Eagle Materials Inc. (NYSE:EXP) Position Increased by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. increased its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 142,920 shares of the construction company's stock after purchasing an additional 2,700 shares during the quarter. Eagle Materials accounts for 2.7% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 11th biggest holding. Global Alpha Capital Management Ltd. owned approximately 0.43% of Eagle Materials worth $41,111,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Epoch Investment Partners Inc. lifted its holdings in shares of Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock worth $175,111,000 after buying an additional 162,049 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Eagle Materials by 4.9% during the 2nd quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company's stock worth $129,449,000 after purchasing an additional 28,003 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Eagle Materials by 33.4% during the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock worth $115,189,000 after purchasing an additional 132,677 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Eagle Materials by 61.6% during the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company's stock worth $138,485,000 after purchasing an additional 194,342 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Eagle Materials by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company's stock worth $95,455,000 after purchasing an additional 3,897 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EXP shares. Jefferies Financial Group upped their price objective on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Truist Financial upped their target price on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their target price on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Finally, Stephens increased their price objective on Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Eagle Materials presently has a consensus rating of "Moderate Buy" and an average target price of $303.78.

Eagle Materials Price Performance

Shares of NYSE EXP traded up $0.62 during trading on Wednesday, reaching $300.27. The company had a trading volume of 223,641 shares, compared to its average volume of 304,226. Eagle Materials Inc. has a twelve month low of $175.94 and a twelve month high of $317.00. The stock has a market capitalization of $10.07 billion, a PE ratio of 21.17 and a beta of 1.32. The stock has a 50-day moving average price of $291.05 and a two-hundred day moving average price of $257.84. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP - Get Free Report) last released 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 during 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 business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.28 earnings per share. As a group, sell-side analysts predict that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently declared 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 of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.33%. Eagle Materials's dividend payout ratio is presently 7.06%.

Insiders Place Their Bets

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction that occurred on 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 owns 13,212 shares in the company, valued at $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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.