Polaris Capital Management LLC Trims Stake in Eagle Materials Inc. (NYSE:EXP)

Polaris Capital Management LLC lessened its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the construction company’s stock after selling 1,400 shares during the quarter. Polaris Capital Management LLC’s holdings in Eagle Materials were worth $1,727,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Millennium Management LLC grew its stake in Eagle Materials by 1,433.5% in the 2nd quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock worth $3,331,000 after buying an additional 14,321 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Eagle Materials in the second quarter valued at $523,000. CWM LLC raised its position in Eagle Materials by 11.4% during the third quarter. CWM LLC now owns 1,249 shares of the construction company’s stock valued at $359,000 after purchasing an additional 128 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Eagle Materials by 24.9% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,160 shares of the construction company’s stock worth $621,000 after purchasing an additional 431 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Eagle Materials by 3.7% in the 3rd quarter. Creative Planning now owns 10,327 shares of the construction company’s stock worth $2,971,000 after purchasing an additional 368 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXP. DA Davidson decreased 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. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Truist Financial upped their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Stephens reissued an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Eagle Materials currently has a consensus rating of “Hold” and an average target price of $296.80.

Eagle Materials Stock Up 0.0 %

Shares of Eagle Materials stock opened at $255.94 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 12-month low of $211.44 and a 12-month high of $321.93. The company has a market cap of $8.52 billion, a P/E ratio of 18.28 and a beta of 1.37. The company’s fifty day simple moving average is $258.46 and its two-hundred day simple moving average is $271.25.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Research analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio is presently 7.14%.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

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.