Susquehanna Fundamental Investments LLC Acquires New Shares in Eagle Materials Inc. (NYSE:EXP)

Susquehanna Fundamental Investments LLC acquired a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,898 shares of the construction company's stock, valued at approximately $7,378,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Eagle Materials as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in EXP. Barclays PLC lifted its holdings in Eagle Materials by 78.1% in the third quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after acquiring an additional 16,645 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Eagle Materials in the third quarter valued at approximately $34,846,000. Tidal Investments LLC raised its position in Eagle Materials by 12.7% in the third quarter. Tidal Investments LLC now owns 3,123 shares of the construction company's stock valued at $898,000 after purchasing an additional 353 shares during the period. Franklin Resources Inc. raised its position in Eagle Materials by 6.9% in the third quarter. Franklin Resources Inc. now owns 162,863 shares of the construction company's stock valued at $48,435,000 after purchasing an additional 10,459 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in Eagle Materials by 16.0% in the third quarter. Lord Abbett & CO. LLC now owns 198,994 shares of the construction company's stock valued at $57,241,000 after purchasing an additional 27,397 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

NYSE:EXP opened at $218.71 on Monday. The firm has a market capitalization of $7.28 billion, a PE ratio of 15.62 and a beta of 1.25. The business's fifty day moving average price is $220.45 and its 200 day moving average price is $255.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. Eagle Materials Inc. has a 12 month low of $201.61 and a 12 month high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its 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 net margin of 20.91% and a return on equity of 34.14%. On average, sell-side analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.46%. Eagle Materials's dividend payout ratio is presently 7.14%.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais acquired 310 shares of the firm's 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 directly owns 3,655 shares of the company's stock, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on EXP shares. DA Davidson cut their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Truist Financial cut their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday. Citigroup lowered Eagle Materials from a "buy" rating to a "neutral" rating and cut their target price for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Stifel Nicolaus assumed coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a "hold" rating and a $242.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $274.40.

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.

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