Eagle Materials Inc. (NYSE:EXP) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 34.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,819 shares of the construction company's stock after selling 61,379 shares during the period. Janus Henderson Group PLC owned 0.35% of Eagle Materials worth $33,894,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in Eagle Materials by 294.1% during the first quarter. Cetera Investment Advisers now owns 7,070 shares of the construction company's stock valued at $1,921,000 after buying an additional 5,276 shares during the last quarter. Cetera Advisors LLC bought a new position in Eagle Materials in the 1st quarter worth about $461,000. CWM LLC boosted its stake in Eagle Materials by 36.4% in the 2nd quarter. CWM LLC now owns 1,121 shares of the construction company's stock worth $244,000 after purchasing an additional 299 shares in the last quarter. SG Americas Securities LLC grew its position 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 valued at $6,049,000 after purchasing an additional 22,677 shares during the last quarter. Finally, M&G Plc increased its stake in Eagle Materials by 4.6% during the 2nd quarter. M&G Plc now owns 37,034 shares of the construction company's stock valued at $8,036,000 after purchasing an additional 1,638 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Eagle Materials Stock Performance

NYSE:EXP traded down $3.30 on Friday, hitting $296.70. The stock had a trading volume of 287,030 shares, compared to its average volume of 224,306. Eagle Materials Inc. has a 52-week low of $184.68 and a 52-week high of $321.93. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 20.95 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The business's 50-day simple moving average is $297.79 and its two-hundred day simple moving average is $261.71.

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 analysts' consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same quarter last year, the business earned $4.28 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. As a group, research 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 announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Monday, December 16th. Eagle Materials's payout ratio is 7.06%.

Insider Buying and Selling

In other Eagle Materials 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 transaction, the director now directly owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction 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 worth $5,482,931 in the last 90 days. Insiders own 1.60% of the company's stock.

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.