Reinhart Partners LLC. Reduces Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Reinhart Partners LLC. decreased its stake in Eagle Materials Inc. (NYSE:EXP) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,215 shares of the construction company’s stock after selling 6,945 shares during the period. Reinhart Partners LLC. owned 0.09% of Eagle Materials worth $7,703,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Eagle Materials in the third quarter valued at about $64,000. Quent Capital LLC lifted its holdings in shares of 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 period. GAMMA Investing LLC boosted its stake in shares of Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after buying an additional 65 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after acquiring an additional 120 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its position in Eagle Materials by 789.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock worth $202,000 after acquiring an additional 624 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on EXP shares. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective 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. Finally, The Goldman Sachs Group lifted 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and a consensus price target of $301.44.

Insider Activity at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This represents a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,866 shares of company stock valued at $5,205,311. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Up 1.2 %

NYSE EXP traded up $2.79 during trading hours on Monday, hitting $237.79. The company had a trading volume of 101,462 shares, compared to its average volume of 245,215. The firm’s 50 day moving average is $279.89 and its 200 day moving average is $266.71. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 16.79 and a beta of 1.33. Eagle Materials Inc. has a fifty-two week low of $197.58 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.28 earnings per share. Sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

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.