NewEdge Wealth LLC Has $27.14 Million Stake in Eagle Materials Inc. (NYSE:EXP)

NewEdge Wealth LLC grew its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,967 shares of the construction company's stock after buying an additional 4,824 shares during the period. NewEdge Wealth LLC owned 0.33% of Eagle Materials worth $27,135,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after buying an additional 16,645 shares during the period. Baupost Group LLC MA raised its stake in Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock valued at $143,904,000 after buying an additional 158,171 shares during the last quarter. Entropy Technologies LP purchased a new stake in Eagle Materials in the third quarter valued at about $920,000. Natixis Advisors LLC raised its stake in shares of Eagle Materials by 11.8% in the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company's stock worth $7,843,000 after purchasing an additional 2,871 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP purchased a new position in shares of Eagle Materials in the third quarter worth about $4,041,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded up $1.85 on Friday, hitting $226.13. The stock had a trading volume of 272,126 shares, compared to its average volume of 335,603. The company's 50 day moving average price is $247.57 and its 200 day moving average price is $269.98. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 16.15 and a beta of 1.37. Eagle Materials Inc. has a 52-week low of $211.44 and a 52-week high of $321.93.

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Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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 anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. DA Davidson dropped their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Truist Financial lifted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Stephens reiterated an "overweight" rating and set a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and reduced their target price for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $296.80.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

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.