GW&K Investment Management LLC Boosts Stock Position in Eagle Materials Inc. (NYSE:EXP)

GW&K Investment Management LLC raised its stake in Eagle Materials Inc. (NYSE:EXP) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 322,384 shares of the construction company’s stock after purchasing an additional 2,216 shares during the quarter. GW&K Investment Management LLC owned 0.97% of Eagle Materials worth $79,551,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXP. CIBC Asset Management Inc lifted its stake in shares of 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 acquiring an additional 37 shares during the period. Coldstream Capital Management Inc. lifted its position in Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock valued at $858,000 after purchasing an additional 41 shares during the period. Financial Strategies Group Inc. increased its position in 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 purchasing an additional 43 shares during the period. Sprott Inc. grew its holdings in Eagle Materials by 3.0% during the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company’s stock worth $418,000 after acquiring an additional 50 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of 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 purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Stephens restated an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. DA Davidson lowered their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price target for the company from $334.00 to $280.00 in a report on Monday, January 6th. Finally, Truist Financial upped their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Eagle Materials currently has a consensus rating of “Hold” and an average price target of $296.80.

Eagle Materials Stock Performance

Shares of EXP opened at $224.34 on Friday. The stock has a market capitalization of $7.47 billion, a PE ratio of 16.02 and a beta of 1.37. The business’s fifty day moving average price is $248.02 and its 200 day moving average price is $269.91. 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 $211.44 and a 12-month high of $321.93.

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

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Eagle Materials’s payout ratio is currently 7.14%.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais purchased 310 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.