Eagle Materials Inc. (NYSE:EXP) Shares Sold by Mad River Investors

Mad River Investors trimmed its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,376 shares of the construction company’s stock after selling 296 shares during the period. Eagle Materials makes up approximately 0.6% of Mad River Investors’ investment portfolio, making the stock its 16th largest holding. Mad River Investors’ holdings in Eagle Materials were worth $1,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials in the 3rd quarter worth $64,000. Quent Capital LLC raised its holdings in shares of Eagle Materials by 155.3% during the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after acquiring an additional 264 shares in the last quarter. GAMMA Investing LLC boosted its position in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after purchasing an additional 65 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Eagle Materials by 23.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after purchasing an additional 120 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Eagle Materials by 789.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock worth $202,000 after purchasing an additional 624 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXP has been the topic of several recent research reports. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Truist Financial raised their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Finally, 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 report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $301.44.

Insider Buying and Selling

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the company’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 16,866 shares of company stock worth $5,205,311 over the last three months. 1.60% of the stock is currently owned by company insiders.

Eagle Materials Price Performance

NYSE:EXP opened at $256.82 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The company has a 50-day moving average of $273.24 and a 200-day moving average of $268.15. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 18.14 and a beta of 1.37. Eagle Materials Inc. has a 52 week low of $198.89 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS 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 the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.28 EPS. As a group, equities research analysts anticipate that Eagle Materials Inc. will post 15.11 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date was Monday, December 16th. Eagle Materials’s dividend payout ratio is 7.06%.

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.