Fort Washington Investment Advisors Inc. OH grew its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 24.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,378 shares of the construction company's stock after buying an additional 16,140 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.25% of Eagle Materials worth $20,574,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its holdings in Eagle Materials by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company's stock worth $297,000 after purchasing an additional 37 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company's stock worth $858,000 after buying an additional 41 shares during the last quarter. Financial Strategies Group Inc. boosted its holdings in shares of Eagle Materials by 4.4% during the 3rd quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company's stock worth $304,000 after buying an additional 43 shares during the period. National Bank of Canada FI grew its stake in Eagle Materials by 1.5% in the 3rd quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock valued at $1,114,000 after buying an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Eagle Materials by 10.6% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after acquiring an additional 65 shares during the period. Institutional investors own 96.07% of the company's stock.
Shares of EXP stock opened at $257.96 on Thursday. The stock has a market cap of $8.65 billion, a P/E ratio of 18.22 and a beta of 1.37. 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 has a fifty day moving average price of $271.19 and a 200 day moving average price of $268.38. Eagle Materials Inc. has a one year low of $203.98 and a one year high of $321.93.
Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. Eagle Materials's revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $4.28 earnings per share. Analysts predict that Eagle Materials Inc. will post 15.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Eagle Materials's dividend payout ratio is currently 7.06%.
EXP has been the subject of a number of recent analyst reports. Loop Capital cut shares of 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. Stephens lowered their target price on Eagle Materials from $325.00 to $310.00 and set an "overweight" rating on the stock in a report on Wednesday. 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 report on Wednesday, November 27th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Truist Financial boosted their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $300.89.
Get Our Latest Research Report on Eagle Materials
In other news, SVP Tony Thompson sold 1,401 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Ross Stewart sold 3,577 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total value of $1,074,173.10. Following the completion of the transaction, the director now directly owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,866 shares of company stock valued at $5,205,311. Corporate insiders own 1.60% of the company's stock.
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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