Eagle Materials Inc. (NYSE:EXP) is Mariner Investment Group LLC’s 5th Largest Position

Mariner Investment Group LLC increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 950.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,500 shares of the construction company’s stock after buying an additional 9,500 shares during the period. Eagle Materials comprises 0.5% of Mariner Investment Group LLC’s investment portfolio, making the stock its 5th largest holding. Mariner Investment Group LLC’s holdings in Eagle Materials were worth $2,591,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Eagle Materials by 78.1% during the third quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock worth $10,915,000 after buying an additional 16,645 shares in the last quarter. Ausbil Investment Management Ltd grew its holdings in Eagle Materials by 400.3% during the 3rd quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after acquiring an additional 10,384 shares in the last quarter. Baupost Group LLC MA increased its position in shares of Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after purchasing an additional 158,171 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Eagle Materials during the 3rd quarter worth $920,000. Finally, Natixis Advisors LLC grew its stake in shares of Eagle Materials by 11.8% during the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock worth $7,843,000 after purchasing an additional 2,871 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXP. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. The Goldman Sachs Group upped their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $300.89.

Eagle Materials Trading Up 0.4 %

NYSE EXP opened at $262.28 on Monday. The firm’s fifty day moving average is $269.51 and its two-hundred day moving average is $269.43. Eagle Materials Inc. has a one year low of $204.27 and a one year high of $321.93. 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 firm has a market cap of $8.80 billion, a PE ratio of 18.52 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same quarter last year, the firm earned $4.28 EPS. The business’s revenue was up .2% on a year-over-year basis. Analysts expect that Eagle Materials Inc. will post 15.11 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insider Activity at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the completion of the sale, the director now directly owns 1,100 shares in the company, valued at $330,330. This represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock worth $5,205,311 in the last three months. Insiders own 1.60% of the company’s stock.

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.