Horizon Kinetics Asset Management LLC Sells 4,743 Shares of Eagle Materials Inc. (NYSE:EXP)

Horizon Kinetics Asset Management LLC cut its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,605 shares of the construction company's stock after selling 4,743 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.09% of Eagle Materials worth $9,091,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXP. Bessemer Group Inc. grew its holdings in Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Acadian Asset Management LLC bought a new position in Eagle Materials in the 1st quarter worth $42,000. EntryPoint Capital LLC lifted its position in Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company's stock worth $51,000 after acquiring an additional 176 shares during the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Eagle Materials by 10,750.0% during the second 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, Capital Performance Advisors LLP acquired a new stake in shares of Eagle Materials in the third quarter valued at about $64,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXP has been the topic of a number of research analyst reports. Loop Capital lowered Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Monday. Jefferies Financial Group boosted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Truist Financial increased their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price target 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, Citigroup upped their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Eagle Materials currently has an average rating of "Moderate Buy" and an average target price of $304.89.

Insider Transactions at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the transaction, the senior vice president now directly owns 13,212 shares of the company's stock, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George John Damiris sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,866 shares of company stock worth $5,482,931. 1.60% of the stock is currently owned by company insiders.

Eagle Materials Price Performance

NYSE EXP traded up $1.15 on Monday, hitting $315.50. 578,413 shares of the company were exchanged, compared to its average volume of 304,990. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a market cap of $10.58 billion, a P/E ratio of 22.28 and a beta of 1.32. Eagle Materials Inc. has a 1-year low of $177.67 and a 1-year high of $321.93. The firm has a 50 day moving average of $294.49 and a two-hundred day moving average of $259.03.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (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 company's revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $4.28 EPS. On average, equities analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. Eagle Materials's dividend payout ratio (DPR) 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.