Reinhart Partners LLC. Sells 6,945 Shares of Eagle Materials Inc. (NYSE:EXP)

Reinhart Partners LLC. decreased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,215 shares of the construction company's stock after selling 6,945 shares during the quarter. Reinhart Partners LLC. owned 0.09% of Eagle Materials worth $7,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EXP. Commonwealth Equity Services LLC boosted its position in Eagle Materials by 7.1% in the second quarter. Commonwealth Equity Services LLC now owns 2,717 shares of the construction company's stock worth $591,000 after purchasing an additional 180 shares during the last quarter. Quest Partners LLC grew its position in Eagle Materials by 30,775.0% during the second quarter. Quest Partners LLC now owns 1,235 shares of the construction company's stock valued at $269,000 after buying an additional 1,231 shares during the period. American Century Companies Inc. increased its holdings in Eagle Materials by 18.0% during the second quarter. American Century Companies Inc. now owns 76,797 shares of the construction company's stock valued at $16,700,000 after buying an additional 11,702 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Eagle Materials by 5.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 14,574 shares of the construction company's stock worth $3,169,000 after acquiring an additional 780 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Eagle Materials by 11.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 105,768 shares of the construction company's stock worth $23,000,000 after acquiring an additional 10,835 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Eagle Materials Price Performance

Shares of EXP stock traded up $4.37 during mid-day trading on Monday, hitting $239.37. The company had a trading volume of 264,881 shares, compared to its average volume of 268,868. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The stock's 50 day moving average price is $278.92 and its 200-day moving average price is $266.88. Eagle Materials Inc. has a 52-week low of $197.58 and a 52-week high of $321.93. The company has a market capitalization of $8.03 billion, a P/E ratio of 16.90 and a beta of 1.33.

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

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Eagle Materials's dividend payout ratio (DPR) is 7.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EXP shares. Jefferies Financial Group lowered Eagle Materials from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their price target on Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price for the company. in a report on Monday, November 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $301.44.

Insider Activity

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tony Thompson sold 1,401 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares of the company's stock, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is currently owned by insiders.

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.