2,592 Shares in Eagle Materials Inc. (NYSE:EXP) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,592 shares of the construction company's stock, valued at approximately $746,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Strategies Group Inc. lifted its position in Eagle Materials by 4.4% during the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company's stock worth $304,000 after purchasing an additional 43 shares during the period. Arizona State Retirement System lifted its holdings in shares of Eagle Materials by 0.6% in the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company's stock worth $2,097,000 after acquiring an additional 56 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Trivant Custom Portfolio Group LLC lifted its holdings in shares of Eagle Materials by 3.2% in the third quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company's stock worth $744,000 after acquiring an additional 79 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Eagle Materials by 0.5% in the third quarter. UMB Bank n.a. now owns 15,405 shares of the construction company's stock worth $4,431,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Insider Transactions at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the firm'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 transaction of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares of the company's stock, valued at $2,205,135.66. This trade represents a 11.18 % decrease in their position. 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 firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares of the company's stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Eagle Materials Trading Down 0.3 %

NYSE:EXP traded down $1.04 on Monday, reaching $300.24. 189,249 shares of the stock traded hands, compared to its average volume of 305,192. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 21.20 and a beta of 1.32. The company's 50 day moving average is $290.07 and its 200-day moving average is $257.56. 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 Inc. has a 1-year low of $173.05 and a 1-year high of $317.00.

Eagle Materials (NYSE:EXP - Get Free Report) last released its earnings results 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 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 business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.28 EPS. Equities research analysts anticipate 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. Stockholders of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Monday, December 16th. Eagle Materials's dividend payout ratio (DPR) is 7.06%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Truist Financial increased their target price 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. Jefferies Financial Group increased their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Citigroup raised their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Stephens raised their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Eagle Materials has an average rating of "Moderate Buy" and an average target price of $303.78.

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.