Eagle Materials Inc. (NYSE:EXP) Stock Holdings Reduced by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC cut its position in shares of Eagle Materials Inc. (NYSE:EXP) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,699 shares of the construction company’s stock after selling 231 shares during the period. Greenwood Capital Associates LLC’s holdings in Eagle Materials were worth $1,160,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC bought a new position in Eagle Materials during the second quarter valued at approximately $805,000. Millennium Management LLC grew its position in Eagle Materials by 1,433.5% in the second quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock worth $3,331,000 after acquiring an additional 14,321 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Eagle Materials during the 2nd quarter worth $523,000. Quent Capital LLC raised its holdings in shares of Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after purchasing an additional 264 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Eagle Materials by 29.7% in the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after purchasing an additional 140 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction that occurred on 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 directly owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,866 shares of company stock worth $5,205,311. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Up 0.1 %

Shares of EXP stock opened at $254.19 on Tuesday. Eagle Materials Inc. has a one year low of $211.44 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a fifty day moving average price of $263.55 and a 200 day moving average price of $270.46. The stock has a market cap of $8.46 billion, a P/E ratio of 18.16 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 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%. Analysts predict that Eagle Materials Inc. will post 14.6 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s payout ratio is 7.14%.

Analysts Set New Price Targets

Several equities analysts have commented on EXP shares. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. DA Davidson lowered their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Stephens restated an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. The Goldman Sachs Group lifted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $296.80.

About Eagle Materials

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.