Barings LLC Boosts Stake in Eagle Materials, Inc. (EXP)

Barings LLC increased its position in Eagle Materials, Inc. (NYSE:EXP) by 466.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 125,641 shares of the construction company’s stock after purchasing an additional 103,441 shares during the period. Barings LLC owned 0.26% of Eagle Materials worth $14,235,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Skylands Capital LLC lifted its holdings in shares of Eagle Materials by 58.6% in the 3rd quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock valued at $9,347,000 after purchasing an additional 32,375 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Eagle Materials by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock valued at $40,925,000 after purchasing an additional 9,922 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Eagle Materials by 137.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock valued at $426,000 after purchasing an additional 2,303 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Eagle Materials by 9.6% in the 3rd quarter. Prudential Financial Inc. now owns 459,861 shares of the construction company’s stock valued at $49,066,000 after purchasing an additional 40,150 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Eagle Materials by 67.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock valued at $30,601,000 after purchasing an additional 115,968 shares during the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.

Eagle Materials, Inc. (EXP) opened at $103.57 on Wednesday. The stock has a market capitalization of $5,070.00, a PE ratio of 19.69, a P/E/G ratio of 2.42 and a beta of 1.17. Eagle Materials, Inc. has a 52-week low of $86.51 and a 52-week high of $122.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.20. The firm had revenue of $359.40 million for the quarter, compared to analysts’ expectations of $364.52 million. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. equities analysts expect that Eagle Materials, Inc. will post 5.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.60%.

In related news, COO Michael Haack sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $112.00, for a total value of $1,120,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the transaction, the chief financial officer now owns 56,778 shares in the company, valued at approximately $6,338,695.92. The disclosure for this sale can be found here. Insiders sold a total of 61,623 shares of company stock worth $6,930,994 in the last 90 days. 4.10% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the company. Citigroup boosted their target price on Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus dropped their price target on Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Finally, Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Eagle Materials has a consensus rating of “Hold” and an average target price of $135.00.

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Eagle Materials Profile

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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