Eagle Materials Inc. (NYSE:EXP) Position Boosted by GW&K Investment Management LLC

GW&K Investment Management LLC raised its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 322,384 shares of the construction company's stock after purchasing an additional 2,216 shares during the period. GW&K Investment Management LLC owned 0.97% of Eagle Materials worth $79,551,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXP. Capital Performance Advisors LLP acquired a new position in Eagle Materials in the 3rd quarter valued at about $64,000. R Squared Ltd acquired a new position in shares of Eagle Materials in the fourth quarter valued at approximately $81,000. GAMMA Investing LLC boosted its position in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after acquiring an additional 65 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Eagle Materials in the 4th quarter worth approximately $170,000. Finally, Central Pacific Bank Trust Division raised its holdings in Eagle Materials by 20.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company's stock valued at $188,000 after acquiring an additional 130 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXP shares. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and lowered their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Truist Financial increased their price objective 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. Citigroup downgraded shares of Eagle Materials from a "buy" rating to a "neutral" rating and lowered their target price for the company from $334.00 to $280.00 in a report on Monday, January 6th. Stephens reaffirmed an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Finally, DA Davidson lowered their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Eagle Materials currently has an average rating of "Hold" and a consensus price target of $292.40.

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Eagle Materials Stock Down 1.6 %

Eagle Materials stock traded down $3.56 during midday trading on Tuesday, hitting $215.21. 379,177 shares of the company were exchanged, compared to its average volume of 334,421. 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 Inc. has a fifty-two week low of $208.03 and a fifty-two week high of $321.93. The company's fifty day moving average price is $246.96 and its 200-day moving average price is $269.93. The company has a market cap of $7.16 billion, a PE ratio of 15.37 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts' consensus estimates 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, research analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Eagle Materials's dividend payout ratio is presently 7.14%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now directly owns 3,655 shares in the company, valued at $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

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.