Davidson Capital Management Inc. Buys 335 Shares of Eagle Materials Inc. (NYSE:EXP)

Davidson Capital Management Inc. boosted its stake in Eagle Materials Inc. (NYSE:EXP) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 13,066 shares of the construction company’s stock after acquiring an additional 335 shares during the period. Davidson Capital Management Inc.’s holdings in Eagle Materials were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Eagle Materials by 78.1% in the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock worth $10,915,000 after buying an additional 16,645 shares during the last quarter. Ausbil Investment Management Ltd lifted its holdings in Eagle Materials by 400.3% in the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock valued at $3,733,000 after acquiring an additional 10,384 shares during the period. Baupost Group LLC MA boosted its position 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 worth $143,904,000 after purchasing an additional 158,171 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Eagle Materials during the 3rd quarter valued at about $920,000. Finally, Natixis Advisors LLC increased its position in shares of Eagle Materials by 11.8% during the 3rd quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock valued at $7,843,000 after purchasing an additional 2,871 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXP. Truist Financial raised their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their price target for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their price objective for the company from $334.00 to $280.00 in a research report on Monday, January 6th. DA Davidson decreased 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. Finally, Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus target price of $296.80.

Insider Buying and Selling at Eagle Materials

In related news, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the sale, the director now directly owns 1,100 shares in the company, valued at approximately $330,330. The trade was a 76.48 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Eagle Materials Price Performance

NYSE:EXP opened at $254.99 on Wednesday. The business’s 50-day simple moving average is $257.51 and its two-hundred day simple moving average is $271.31. Eagle Materials Inc. has a 52 week low of $211.44 and a 52 week high of $321.93. The stock has a market cap of $8.49 billion, a PE ratio of 18.21 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 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%. As a group, analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.39%. Eagle Materials’s payout ratio is 7.14%.

About Eagle Materials

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.