Eagle Materials Inc. (NYSE:EXP) Shares Sold by Skylands Capital LLC

Skylands Capital LLC decreased its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,730 shares of the construction company's stock after selling 2,775 shares during the quarter. Eagle Materials accounts for approximately 1.4% of Skylands Capital LLC's portfolio, making the stock its 19th largest position. Skylands Capital LLC owned about 0.13% of Eagle Materials worth $10,297,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in Eagle Materials by 3.7% during the 3rd quarter. Creative Planning now owns 10,327 shares of the construction company's stock worth $2,971,000 after acquiring an additional 368 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Eagle Materials during the third quarter worth about $217,000. Sequoia Financial Advisors LLC acquired a new position in shares of Eagle Materials in the third quarter valued at approximately $236,000. Ballentine Partners LLC acquired a new stake in Eagle Materials during the 3rd quarter worth approximately $271,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Eagle Materials by 39.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,898 shares of the construction company's stock worth $841,000 after buying an additional 823 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Eagle Materials

In other news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The stock was bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXP. Loop Capital lowered 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. Stephens reaffirmed an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $296.80.

Eagle Materials Stock Down 1.8 %

EXP stock traded down $4.05 during midday trading on Thursday, reaching $224.34. 297,856 shares of the company were exchanged, compared to its average volume of 337,275. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 16.02 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. Eagle Materials Inc. has a 1-year low of $211.44 and a 1-year high of $321.93. The stock's 50-day simple moving average is $248.02 and its 200 day simple moving average is $269.91.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 17th. Eagle Materials's payout ratio is currently 7.14%.

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.