GSA Capital Partners LLP Makes New $746,000 Investment in Eagle Materials Inc. (NYSE:EXP)

GSA Capital Partners LLP acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the third quarter, Holdings Channel.com reports. The firm acquired 2,592 shares of the construction company’s stock, valued at approximately $746,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Baupost Group LLC MA purchased a new position in Eagle Materials during the first quarter valued at approximately $71,199,000. Captrust Financial Advisors increased its holdings in shares of Eagle Materials by 61.6% during the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock valued at $138,485,000 after purchasing an additional 194,342 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in shares of Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock valued at $175,111,000 after purchasing an additional 162,049 shares during the period. Federated Hermes Inc. boosted its holdings in Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock worth $115,189,000 after buying an additional 132,677 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Eagle Materials by 24.0% during the third quarter. Handelsbanken Fonder AB now owns 293,730 shares of the construction company’s stock valued at $84,491,000 after buying an additional 56,900 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXP. The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup upped their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Jefferies Financial Group upped their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Truist Financial lifted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.78.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $301.28 on Monday. The business’s 50 day moving average price is $288.92 and its 200-day moving average price is $257.26. Eagle Materials Inc. has a 1 year low of $172.20 and a 1 year high of $317.00. 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 firm has a market capitalization of $10.10 billion, a PE ratio of 21.28 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.28 EPS. As a group, equities research analysts expect that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

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.