Jacobs Levy Equity Management Inc. Has $5.33 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Jacobs Levy Equity Management Inc. trimmed its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 86.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,538 shares of the construction company's stock after selling 117,261 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.06% of Eagle Materials worth $5,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Eagle Materials by 481.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company's stock worth $1,808,000 after acquiring an additional 6,885 shares during the last quarter. Ausbil Investment Management Ltd increased its stake in Eagle Materials by 400.3% in the 3rd quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company's stock worth $3,733,000 after purchasing an additional 10,384 shares in the last quarter. Baupost Group LLC MA raised its holdings in Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock worth $143,904,000 after buying an additional 158,171 shares during the period. SG Americas Securities LLC raised its holdings in Eagle Materials by 441.1% during the 2nd quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company's stock worth $6,049,000 after buying an additional 22,677 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Eagle Materials during the third quarter valued at about $920,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXP has been the topic of a number of recent analyst reports. Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. The Goldman Sachs Group boosted their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price target on Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Truist Financial increased their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.11.

Insider Transactions at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the sale, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,866 shares of company stock valued at $5,482,931 over the last quarter. Corporate insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

Shares of NYSE:EXP traded down $3.30 during trading on Friday, hitting $296.70. 287,030 shares of the stock were exchanged, compared to its average volume of 224,306. Eagle Materials Inc. has a 1-year low of $184.68 and a 1-year high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 20.95 and a beta of 1.33. The company's fifty day simple moving average is $297.79 and its 200-day simple moving average is $261.58.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. During the same quarter last year, the firm earned $4.28 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts expect that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

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.