Concentric Capital Strategies LP Purchases 8,801 Shares of Eagle Materials Inc. (NYSE:EXP)

Concentric Capital Strategies LP increased its position in Eagle Materials Inc. (NYSE:EXP) by 45.9% during the third quarter, Holdings Channel reports. The firm owned 27,986 shares of the construction company’s stock after buying an additional 8,801 shares during the quarter. Concentric Capital Strategies LP’s holdings in Eagle Materials were worth $8,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. McClarren Financial Advisors Inc. lifted its holdings in Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after purchasing an additional 215 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Eagle Materials during the 3rd quarter worth about $64,000. GAMMA Investing LLC boosted its holdings in shares of Eagle Materials by 23.3% during the 2nd quarter. GAMMA Investing LLC now owns 471 shares of the construction company’s stock worth $102,000 after buying an additional 89 shares during the period. Quent Capital LLC grew its stake in Eagle Materials by 155.3% in the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after buying an additional 264 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Eagle Materials by 22.5% in the 2nd quarter. Blue Trust Inc. now owns 680 shares of the construction company’s stock valued at $148,000 after acquiring an additional 125 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,866 shares of company stock worth $5,482,931. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Up 1.0 %

EXP stock opened at $308.92 on Monday. The stock has a market capitalization of $10.36 billion, a P/E ratio of 21.82 and a beta of 1.32. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $296.22 and a 200-day moving average price of $260.20. Eagle Materials Inc. has a 12 month low of $178.42 and a 12 month high of $321.93.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data 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 firm 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%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $4.28 EPS. As a group, equities research analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Monday, December 16th. Eagle Materials’s payout ratio is currently 7.06%.

Wall Street Analysts Forecast Growth

EXP has been the topic of several research reports. Truist Financial upped their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group boosted their price target on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Monday, November 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials presently has an average rating of “Moderate Buy” and an average target price of $307.11.

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.